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Brocade Names New CEO

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Light Reading
1/14/2013
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SAN JOSE, Calif. -- Brocade (Nasdaq: BRCD) today announced that its Board of Directors unanimously appointed networking industry veteran Lloyd Carney to the position of chief executive officer effective immediately. In addition to his role as CEO, Mr. Carney will join Brocade’s board of directors. Mr. Carney succeeds Michael Klayko, who has served as 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, 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.” Brocade Communications Systems Inc.

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