Andover, MA-based NaviSite (NASDAQ: [[ticker:NAVI]]), a provider of IT services such as data hosting, announced today that its CEO Arthur Becker has stepped down and will be replaced by NaviSite president R. Brooks Borcherding. Becker will remain on the company’s board and Borcherding, who joined NaviSite in 2009 from Cisco Systems, will occupy both the president and chief executive roles. “I look forward to a new pace of organic growth in Enterprise Hosting and Cloud services under Brooks’ leadership,” Becker said in the company announcement of the executive moves. Earlier this month, NaviSite rejected a buyout offer from a major stakeholder, Atlantic Investors, to purchase the company’s outstanding common stock for $3.05 per share.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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