Brocade appoints Lloyd Carney as new CEO

Telecom Lead America: Brocade has appointed Lloyd Carney as its new CEO.

Carney succeeds Michael Klayko, who has served as CEO since 2005. Michael Klayko, CEO of Brocade, recently said the networking company is well-positioned for continued growth in fiscal 2013.

Brocade has appointed Lloyd Carney as its new CEO.


Most recently, Carney was CEO at Xsigo Systems, a provider of data center virtualization, where he positioned the company to take advantage of emerging technology opportunities including cloud computing and software-defined networking.

David House, chairman of Brocade, said: “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.”

Carney also worked with Micromuse as its CEO. He has also held key senior leadership positions at major networking companies including Juniper Networks as its chief operating officer and at Nortel Networks as president of its multi-billion dollar Core IP, Wireless Internet and the Enterprise divisions.

In addition, Carney also served at Bay Networks as the executive vice president and general manager of the Enterprise Business Group, the company’s largest business unit.

“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,” Carney said.

READ MORE about Brocade’s financial performance. Brocade clocked fourth quarter revenue of $578 million, up 5 percent year-over-year and 4 percent q-o-q. Revenue for fiscal year 2012 was $2,238 million, up 4 percent year-over-year.

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