logo
Share SHARE
FONT-SIZE Plus   Neg

Ixia CEO Quits; Misstated Academic Credentials, Age, Early Employment History

Ixia (XXIA) announced that Vic Alston has resigned as its President and CEO and as a member of its board following a determination by the company's audit committee that although he had attended Stanford University, he had misstated his academic credentials, incorrectly claiming to have received a B.S. and a M.S. in Computer Science, and had misstated his age and early employment history.

The company said it has appointed Errol Ginsberg, Ixia's chairman of the board, founder and former CEO as acting CEO, in addition to his current role as chief innovation officer, and Alex Pepe, senior vice president, strategy, as chief operating officer.

Ixia also reaffirmed its third quarter revenue guidance and expects revenue to be above the midpoint of its previously stated guidance range of $112 million to $117 million.

The company plans to commence a search to identify a permanent CEO.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. is working on developing a pair of smart glasses that would allow to summon and interact with virtual assistant Alexa while wearing the device, the Financial Times reported, citing people familiar with the plans. The glasses, which would be required to be connected wirelessly to a smartphone to work, is reportedly designed to look like a regular pair of spectacles. Employees at Bombardier Inc.'s aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. to drop a trade complaint against the Canadian plane and train maker. The Baltimore Ravens, a professional American football team, postponed its "DNA Day" event just hours before this season's home opener last Sunday. Orig3n Inc., a Boston-based biotech company sponsoring the event, said in a statement that it is "working to address questions from officials from the state of Maryland."
comments powered by Disqus
Follow RTT