Brocade appointed Lloyd Carney as chief executive officer effective immediately, replacing Michael Klayko, who had announced his intention to step down last August, after serving as CEO since 2005.
Most recently, Mr. Carney was CEO and member of the board of directors at Xsigo Systems, a privately held company specializing in data center virtualization. Previously, he was CEO of Micromuse, Inc., which specialized in network management software and later became an integral part of the IBM Tivoli framework. Carney has also held key senior leadership positions at Juniper Networks as its chief operating officer and at Nortel Networks as president of its Core IP, Wireless Internet and the Enterprise divisions. He also served at Bay Networks as the executive vice president and general manager of the Enterprise Business Group, the company's largest business unit.
"I believe Brocade is poised to leverage its heritage of strong innovation and significantly disrupt the status quo in the data-networking industry," said Mr. 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."