Platinum Names CEO to NextiraOne

Platinum Equity, a private Los Angeles buyout firm headed by financier Tom Gores, said telecommunications veteran Michael S. Ruley has been hired as president and chief executive of its telecom subsidiary, NextiraOne.

Ruley, 43, a former president of market sales at XO Communications Inc., succeeds Robert J. Wentworth, a Platinum executive who helped form NextiraOne in 2001.

Wentworth will resume his Platinum post as executive vice president for strategic investments.

Houston-based NextiraOne, with nearly $1 billion in annual revenue, designs, installs and manages telecom systems for corporate customers in North America.

Its Paris-based NextiraOne Europe sister company, acquired from Alcatel last year, has $1.2 billion in sales. Together, the companies have about 400,000 customers worldwide.