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Employment

Caspian CEO Quits

SAN JOSE, Calif. -- Grahame Rance, CEO and president of Caspian Networks, resigned from the company this week to join SBS Technologies, a component maker. Today SBS announced Rance has been appointed its president and CEO, effective today. Rance’s departure from Caspian Networks was unexpected. Caspian’s board has appointed board member David E. Liddle interim CEO until a permanent replacement is named. Liddle is general partner of U.S. Venture Partners, one of the leading institutional investors in Caspian. The board has a number of promising candidates for the position and began interviews for a full-time replacement this week, with the goal of replacing Rance with a full-time CEO as quickly as possible.

“I’ve been involved with Caspian since its inception, and my belief in the company’s breakthrough technology and the impact it’s going to have in the market is stronger than ever,” said Liddle. “Caspian’s delivery of its technology vision has always been the company’s highest priority, and the company will continue its development unabated ... even in these lean economic times. We’re grateful to Grahame Rance for getting the company’s development on a fast track, and for emphasizing how customer feedback contributes to better product design.”

http://www.caspiannetworks.com
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noitall 12/4/2012 | 8:47:16 PM
re: Caspian CEO Quits anyone know if he left or was pushed? i heard this company was poised for big things.
allidia 12/4/2012 | 8:47:15 PM
re: Caspian CEO Quits the company is headed for big things? It sounds like a restructure and the question becomes how much cash do they have to get past this? If they have 12 months worth they should be fine.
firepig 12/4/2012 | 8:47:15 PM
re: Caspian CEO Quits If there is any reason for his resign, I will be very appreciated.
allidia 12/4/2012 | 8:47:13 PM
re: Caspian CEO Quits who rates them #8 in their top ten...
noitall 12/4/2012 | 8:47:13 PM
re: Caspian CEO Quits a sleepy components company with a $250 M market value. businesses only partly in comm. something's rotten in denmark. i bet the company is fine. he was probably launched.
LTTSUF 12/4/2012 | 8:47:10 PM
re: Caspian CEO Quits Caspian hires the entire Nortel Succession team (Soft switch technology) to deliver a next gen Terabit/Peta bit router that will change the way IP networks are deployed. Who better to hire than Nortel Voice experts.

The other unknown factor could be that Nortel is suing Caspian.
Harley 12/4/2012 | 8:47:09 PM
re: Caspian CEO Quits Voice experts? Maybe, but Succession is garbage, doesn't work!

Maybe THAT's why?
vomonquan 12/4/2012 | 8:47:02 PM
re: Caspian CEO Quits As a veteran of 4 startups, I can say this: when the CEO or founders left a STARTUP, it is really a bad sign. If it happens after a startup becomes public, then there can be more explanation.
Insider1 12/4/2012 | 8:47:00 PM
re: Caspian CEO Quits There was a difference of opinion between the
Board (VCs) and Rance had disagreements regarding
the direction of the company. This had been going
on for a number of months. The board wanted to
run a "leaner" company. Rance wanted to, and was
putting a huge infrastructure in place (i.e.
Operations, marketing, sales, etc.) to accomodate
the immense growth the company is expecting.

The only suprise was that he apparently gave no
notice before leaving.
leaving.
Insider1 12/4/2012 | 8:46:58 PM
re: Caspian CEO Quits The "Top 10" list is just industry rag BS.
Ultimately, you either put out a quality product
or fade into history (or both in some cases).

Don't count Caspian out, yet.

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