Business Services Industry
Leaders at Dallas-Based DSL Equipment Maker Change Posts.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, November, 2000 by Bajaj, Vikas
Nov. 20--Efficient Networks Inc. will appoint a new chief executive Monday to replace Mark A. Floyd, who will take the post of chairman.
Bruce W. Brown, an Efficient director and chairman of Vertel Corp. of Woodland Hills, Calif., will take over day-to-day operations to give Mr. Floyd the freedom to craft the Dallas company's larger strategic moves, focusing on its product portfolio and its international business.
The move comes on the heels of a breakthrough year for Efficient, which makes digital subscriber line equipment. Its revenue grew almost 13-fold to $202 million in the year ended June 30 from $14.8 million in 1999.
"The role that I have been playing, quite frankly, is bigger than one person," said Mr. Floyd, who co-founded Efficient...
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