Enterasys announces CEO change

Cabletron Systems spinoff Enterasys Networks is replacing CEO Mark Aslett with Michael Fabiaschi, who once headed Aprisma Management Technologies, another firm hatched from the former New Hampshire-based networking equipment giant.

Aslett is leaving the company immediately to “pursue other interests,” the company said. He left with the praises of Mark Stone, president of The Gores Group, the private investment firm that purchased Enterasys in March.

The Gores Group had previously acquired Aprisma and had since sold it at a considerable profit.

Aprisma was the only Cabletron remnant to stay in the state and make money. Under Fabiaschi, the company went on to 12 consecutive quarters of revenue and earnings growth, according to Stone.

Fabiaschi most recently was a senior vice president at CA, formerly Computer Associates. – BOB SANDERS