3Com (COMS) named Bruce Claflin its CEO, replacing Eric Benhamou, who will remain as chairman. The change will take effect Jan. 1, 2001. Claflin has been the company's president and COO since August 1998.
Earlier this week, the company announced a narrower-than-expected loss for its first quarter. The stock was lately up 4.4% to $17.75.