Lloyd Carney new Brocade CEO

Lloyd Carney is the new CEO of data center network equipment provider Brocade (NASDAQ: BRCD). Carney will also join Brocade's board of directors. He succeeds Michael Klayko, who has served as CEO since 2005.

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Lloyd Carney is the new CEO of data center network equipment provider Brocade (NASDAQ: BRCD). Carney will also join Brocade's board of directors. He succeeds Michael Klayko, who has served as CEO since 2005. Carney has nearly 30 years of high-tech experience, most recently as CEO and member of the board of directors at Xsigo Systems, a privately held company focused on in data center virtualization. Previously, Carney was CEO of network management software company Micromuse, Inc. and held other leadership positions such as COO at Juniper Networks and president of Nortel Networks’ Core IP, Wireless Internet, and Enterprise divisions. "After a thorough and robust search process, the board believes that Mr. Carney is the ideal leader to take Brocade to the next level," said David House, the chairman of the Brocade Board of Directors. "Mr. Carney has a relentless passion for driving innovation and operational excellence. These characteristics, combined with his track record of execution including delivering growth and increasing shareholder value, make him an outstanding choice to lead Brocade into its next phase." "I believe Brocade is poised to leverage its heritage of strong innovation and significantly disrupt the status quo in the data-networking industry," said Carney. "There are profound changes happening across high tech today and Brocade has a great opportunity to lead that transformation through differentiated products and customer focus. Success here will accelerate profitable growth for our company and drive further value for our shareholders. I am very excited and honored to lead Brocade at this time." For more information on high-speed transmission equipment and suppliers, visit the Lightwave Buyer’s Guide.
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