Change was “in” at RTP area firms last week, with three firms getting new chief executive officers.

And in all three cases, companies turned to managers already recruited and on their staffs to take over the top spots.

Bill Warner stepped down at LiveWire Logic to start his own consulting firm. He’ll be replaced by Mike Lough, whom Warner recruited six months ago to run sales and marketing.

Thomas McPherson resigned as CEO at Hatteras Networks and was recplaced by Peter Savage, whom McPherson had recruited as vice president of sales in 2001.

Robert Davis III, who took over as the acting chief executive officer at Oculan in December, was named the firm’s permanent CEO.

The week also included some major venture action.

NewSouth Networks brought in $62.5 million for its telecommunications network. It’s by far the biggest deal in the Carolinas and Georgia in the past 15 months.

Venetica Software in Charlotte landed $7 million. And LiveWire closed on $1.5 million just before Warner stepped down.

On other fronts, the NC Biotechnology Center announced the opening of its first regional office, which will be placed in the Triad.


LiveWire Logic CEO Steps Down To Launch Consulting Firm:

Hatteras Networks Names Former Head of Applied Digital Access as New CEO:

With New CEO in Place, Oculan Looks for Strong Growth in 2003:

Optimism Returns to Some Executive Suites; Is the Turnaround at Hand?


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SciQuest To Pursue Reverse Stock Split Up to 1-10 Ratio:


A Telecom Whopper Deal: NewSouth Raises $62.5 Million:

Already Profitable, Venetica Lands $7 Million ‘A” Round To Position for Future

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