The manufacturer of IT solutions for corporate communications Avaya announced the change of CEO. He became a top manager who has been working for the company for almost 10 years.

According to a statement made by Avaya on Monday, August 7, the company's chief operating officer Jim Chirico is appointed by the new head instead of Kevin Kennedy, who will officially resign at the end of September. Kennedy will remain in Avaya as a consultant.

Kevin Kennedy led Avaya for about eight years, Kiriko has been with the company since 2008. As an operational director, she was responsible for global sales, product quality and personnel. Kiriko has experience in Seagate and IBM.

On the day of the announcement of the change of CEO Avaya reported on the updated reorganization plan, which approved the creditors. The program assumes a reduction in arrears of more than $ 3 billion, the transfer of part of the debts on pensions to the state pension insurance agency Pension Benefit Guaranty and getting out of bankruptcy protection as a public company.

At the beginning of the year, Avaya filed a bankruptcy petition in accordance with Chapter 11 of the US bankruptcy law to reduce debt and transaction costs. Thus, the company wanted to reorganize its business.