Brocade appoints new CEO

Lloyd Carney, CEO, Brocade

Brocade’s board of directors on Tuesday announced that it had appointed networking industry veteran Lloyd Carney to be the company’s new CEO, effective immediately. He will also join Brocade’s board of directors, the firm said.  

Carney succeeds Michael Klayko, who has served as Brocade CEO since 2005.

“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, 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.”

The 50-year-old Carney has spent almost 30 years in the high-tech industry, and has filled a number of senior leadership positions at various networking and semiconductor companies. Most recently, he was CEO and board member at Xsigo Systems, a privately held company that specialises in data centre virtualisation. Carney is credited with allowing Xsigo to take advantage of emerging technologies such as cloud computing and software-defined networking.

Before this, Carney was CEO of Micromuse, which specialised in network management software and later became an integral part of the IBM Tivoli framework. He was also COO at Juniper Networks and presided over Nortel Networks’ multi-billion dollar Core IP Wireless Internet and Enterprise divisions.

Carney Also served at Bay Networks, where he was 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 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.”

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