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Juniper COO Elopes With Microsoft

Chief operating officer Stephen Elop is leaving Juniper Networks Inc. (NYSE: JNPR), a move being announced almost exactly one year after his arrival.

In a Securities and Exchange Commission (SEC) filing, Juniper said COO Stephen Elop turned in his resignation January 9. Elop had been hired by Juniper on January 8, 2007. (See Juniper Revives COO's Office.)

Elop is headed for Microsoft Corp. (Nasdaq: MSFT) to run its business division, which includes the ubiquitous Office suite. He's replacing Jeff Raikes, who announced that he'll retire from Microsoft in September. (See Microsoft Hires Juniper Exec.)

Microsoft says Elop will join in late January and work with Raikes during a transition period.

A Juniper spokesman says the company is "actively recruiting" for a replacement COO.

Elop's roots are closer to PCs than telcos. He was the final chief executive of Macromedia, overseeing its acquisition by Adobe Systems Inc. (Nasdaq: ADBE) in 2005.

At Juniper, Elop was handed responsibility for areas including sales, manufacturing, marketing, and all product groups. He was the first COO at Juniper since 2003, although Jim Dolce, former CEO of the acquired Unisphere Networks, handled some COO-like tasks before leaving Juniper in 2006. (See Dolce & Others out at Juniper and Dolce Starts Verivue .)

Separately, Juniper lost a board member this week: former Siebel Systems Inc. (Nasdaq: SEBL) CFO Kenneth Goldman, who'd been appointed in 2003. (See Juniper Hires Director.) Goldman resigned January 7 because he'd taken a job at a Juniper competitor, according to an SEC filing.

— Craig Matsumoto, West Coast Editor, Light Reading

marlin_brando 12/5/2012 | 3:49:53 PM
re: Juniper COO Elopes With Microsoft Is it a sysmptom of collapse of CSCO and JNPR ?.
Otherwise, why this movers and shakers ( Gianacarlo and Elop ) showed no interest in their companies.
Or Are they hungry of power ?

-Marlin
lightreceding 12/5/2012 | 3:49:54 PM
re: Juniper COO Elopes With Microsoft The few top people who left Cisco were there for a long time and have a lot to show for it and Cisco has management continunity and direction.

Juniper has had a complete turnover of top management in the last two years and Elop was brought in to fix the internal problems but he left after only one year and after having done nothing.

It seems that no on can work with Kriens.
NorthernRights 12/5/2012 | 3:49:56 PM
re: Juniper COO Elopes With Microsoft materialgirl...i guess you must be referring to mid-level managers because Cisco at the top management has not had too many departures...only Volpi and Giancarlo...
materialgirl 12/5/2012 | 3:49:57 PM
re: Juniper COO Elopes With Microsoft Maybe something is wrong with the industry, since managers are dropping like flies at CSCO too.
lightreceding 12/5/2012 | 3:49:59 PM
re: Juniper COO Elopes With Microsoft Elop wasn't from the same industry and didn't seem well suited, but Scott Kriens said that he spent 6 months interviewing and selecting Elop, who comes in and talks a big talk about how he is going to turn the place around and then leaves after 1 year and having done nothing remarkable. Juniper has had every top exec leave in the last two years. Clearly something is seriously wrong at the top.
bollocks187 12/5/2012 | 3:49:59 PM
re: Juniper COO Elopes With Microsoft Tsat,

You are of course right. Engineers are free but with the executives "big" packages especially a COO, one expects a higher degree of loyalty (because you pay for this).

With him leaving one could deduce he was not happy or the company was not happy, he sees a problem with the company or he got a better package at microsoft.

Whatever the reasons he is more suited to microsoft given his software background - so employing a COO with a pure software focus was a wasted time imo.

Regardless of the reason for his departure.....good luck to him and Juniper.



tsat 12/5/2012 | 3:50:00 PM
re: Juniper COO Elopes With Microsoft Engineers are free to leave anytime too.

What *might* be different between engineers and executives is stock option vesting schedules. I am only speculating

-tsat
lightreceding 12/5/2012 | 3:50:02 PM
re: Juniper COO Elopes With Microsoft so is anybody still keeping track, I think that Juniper is maintaining a record of 100% top management turnover.
bollocks187 12/5/2012 | 3:50:03 PM
re: Juniper COO Elopes With Microsoft it was obvious he was not right for juniper. He lacked the basic qualifications and experience.

It is ironic that executive management asks and in some companies demands loyalty from its engineers....it is the top guys like this one walk a different line.

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