Cyan chairman adds CEO title

Cyan Chairman Mark Floyd has added chief executive officer duties to his responsibilities, the company has announced. The move comes as the Cyan attempts to build on two years of 100% business growth for its packet-optical transport systems and software products.

Floyd joined the Cyan board in 2007 and was appointed chairman this past January. Prior to his role at Cyan, Floyd was CEO at SafeNet, Entrisphere, Efficient Networks, and Siemens ICN US. Floyd has also worked within the venture-capital industry as a partner at El Dorado Ventures and an executive at Crosspoint Ventures. He will retain his seat on the board.

Cyan founder Michael Hatfield will continue as the company's president to oversee overall solution strategy and drive development, engineering, product management, and marketing.

"Mark has made meaningful contributions to Cyan since joining the board five years ago. With Cyan's rapid global expansion underway, the timing is perfect for Mark to expand those contributions by joining us on a full-time basis,” said Hatfield. “I am excited to have Mark on board; his track record scaling companies in global markets, his success in working with global tier-one network operators and his experience leading a large software solutions provider will serve Cyan well."

"There is little question that network operators around the world not only see unprecedented pressure to scale network capacity but also to do so with fundamentally more cost-effective approaches," said Floyd. "With a solution that directly addresses these challenges, Cyan has seen significant growth in the U.S. and has begun to expand in Europe and Latin America. We now see an even greater opportunity to increase our investment in international markets and accelerate our growth."