x
Employment

Juniper Creates COO Position

There’s a new face at Juniper Networks Inc. (Nasdaq: JNPR). Lloyd Carney, a former Nortel Networks Corp. (NYSE/Toronto: NT) executive, has just been appointed to the newly created position of chief operating officer (COO).

”We’re scaling the business in four markets: core, access, mobile, and cable,” says Carl Showalter, vice president of marketing for Juniper. “Lloyd helps provide the breadth and depth we need on the management side.”

This is quite a change for Juniper, as Scott Kriens, Juniper's president and CEO, has managed the day-to-day operations of the company since 1996.

Carney was listed today on the company’s Website, but no formal announcement has been released. Juniper officials today confirmed with Light Reading that Carney was appointed COO on January 1, 2002. The company plans to announce his appointment during its fourth quarter 2001 earnings call scheduled for Tuesday, January 15th.

Before joining Juniper, Carney was president of the wireless Internet division at Nortel Networks Corp. (NYSE/Toronto: NT). He has been in the business for over 20 years, holding managerial positions at Bay Networks, Wellfleet, and Proteon.

“It makes sense that the company would bring someone in,” says Steve Kamman, an analyst with CIBC World Markets.

The move indicates the company is moving toward more diversification. Last November the company announced the acquisition of Pacific Broadband Communications (PBC), a cable equipment provider. This was the company’s first acquisition away from its primary target market, core routing. Since the acquisition, CEO Kriens has worked hard to spin the acquisition as an extension of Juniper’s focused strategy (see Juniper CEO: Still Laser Focused). The company has also been pushing its wireless strategy for the past several months, even launching a joint venture with Ericsson AB (Nasdaq: ERICY) to develop new wireless technology.

“It’s definitely a sign that they are moving toward diversification,” says Kamman. “I think it’s a positive move to get someone in there to help manage all these different parts of the business. Whether the move into other areas is good for the company as whole, remains to be seen.”

According to his profile on the Juniper Website, Carney will help the company “scale its access, core, cable, and mobile market solution efforts.” In particular, he will oversee marketing, engineering, sales, customer service, and manufacturing operations.

The big question now is whether or not Juniper will be looking to get into other markets, now that it has the manpower to expand. The addition of Carney could certainly indicate that they will, says Kamman.

Today Juniper's stock closed down 0.74 (3.50%) to 20.38.

— Marguerite Reardon, Senior Editor, Light Reading
http://www.lightreading.com
Page 1 / 2   >   >>
light-reader 12/4/2012 | 11:05:12 PM
re: Juniper Creates COO Position >Carney will help the company Gǣscale its access, >core, cable, and mobile market solution >efforts.Gǥ In particular, he will oversee >marketing, engineering, sales, customer service,
>and manufacturing operations.

He sure will, the way he did at NT. Juniper,
there is no hope for you now. BTW, your investment
in LR does not seem to be working anymore.
yiwen 12/4/2012 | 11:05:09 PM
re: Juniper Creates COO Position All he had done in Nortel was that telling CDN guys make the CLI exactly like CSCO. He got nothing to do with wireless.
Juniper seems in desperate situation, and they don't even check the guy's reference? hehe
Funny, well, this is the thing to prove the mkt value of Nortel employer for sure.
yiwen 12/4/2012 | 11:05:09 PM
re: Juniper Creates COO Position All he had done in Nortel was that telling CDN guys make the CLI exactly like CSCO. He got nothing to do with wireless.
Juniper seems in desperate situation, and they don't even check the guy's reference? hehe
Funny, well, this is the thing to prove the mkt value of Nortel employer for sure.
yiwen 12/4/2012 | 11:05:09 PM
re: Juniper Creates COO Position All he had done in Nortel was that telling CDN guys make the CLI exactly like CSCO. He got nothing to do with wireless.
Juniper seems in desperate situation, and they don't even check the guy's reference? hehe
Funny, well, this is the thing to prove the mkt value of Nortel employer for sure.
dodo 12/4/2012 | 11:05:03 PM
re: Juniper Creates COO Position Ex

Any comments!
Please ensure that your funny comments stay this time:-)

cheers
dodo
Litewave 12/4/2012 | 11:05:01 PM
re: Juniper Creates COO Position Didn't Juniper actually speak to anyone at Nortel before hiring this clown?! He has had not a single major accomplishment to his name.

The diversification angle's a good one, but adding bureaucrats like Carney is not the way to go!
MKTG_Hack 12/4/2012 | 11:04:59 PM
re: Juniper Creates COO Position It's the lure of the resume combined with a lack of context that leads to these problems. "He grew his division 300% from 98-01" . . fine, but back then you could sell a fart in a soap bubble.

By the way, the other new execs at Juniper are Lucent - Bisson, the new VP of finance, and Sturgeon, new VP of Customer Service and Support.

Nothing succeeds like failure!
gone_postal 12/4/2012 | 11:04:58 PM
re: Juniper Creates COO Position Let's see.....

First we come out of relative obscurity to start new orgs with in NT with the same goals, PowerPoint slide presos and a whole new group of people that are virtual unknowns lacking proper DOCUMENTED pedigrees to do the jobs at hand.

Second, we ignore the people existing in these jobs, their skill sets and value to the company. We let these people get shanked and "optimized" from the company to make room for the new cronies that have sucked up to me.

Third we change the org every time it becomes apparent that we are being scrutinized so as to confuse and confound and buy more time in position. Vesting and resting is more like it.

Fourth, we carefully craft a exit strategy for ourselves that appears like any errors in mgmt were someone else's doing. This allows us to utilize for resume purposes the grand numbers the company experienced with the growth of OC192.

Lastly, we shop ourselves as an architect of incredible past success instead of the damaged goods that we are.

This is un-frigging real! I watched all this go down from afar at NT and came to the realization that my exit would not just be from the company but rather from an industry that harbors (and rewards)such mediocrity and apathy in the mgmt ranks.

I own JNPR stock and if it was not under so much water I would sell it just on this news.

Incidentally, much if not all of what I just wrote could easily be substantiated through other NT employees both past and present. This is not sour grapes but shock at a good company making a monumental poor hire.

Rant off,

/GP
DocGonzo 12/4/2012 | 11:04:56 PM
re: Juniper Creates COO Position yiwen

Your opinion is taken with the realization it is from someone that can't figure out how to post a message ONCE.

Doc
John Casper 12/4/2012 | 11:04:52 PM
re: Juniper Creates COO Position While I don't about this guy - he may indeed be good, however I have generally very low regard for currently job hunting Nortel management guys (the good guys left Nortel in 1999 and 2000 when things were good outside). The reason is that a very large number of current Nortel management team members have been at Nortel for 10+ years. That may be the only company they worked for. Did you ever wonder with regards to current NOrtel management why would a person stuck in a job in 1999-t0 2001 when so many exciting changes were occuring in the technology industry? To me it means, these people were not emplyable outside Nortel and no one else ever offered them another job. Nor were they good enough to start their own comapny. Does it tell you something?

--Jon



Page 1 / 2   >   >>
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE