Brocade appoints Lloyd Carney as CEO
Carney succeeds Michael Klayko at the networking and Ethernet fabrics solutions vendor
Brocade has appointed networking industry veteran Lloyd Carney to the position of chief executive officer effective immediately.
In addition to his role as CEO, Carney will also join Brocade's Board of Directors. Carney succeeds Michael Klayko, who has served as CEO since 2005.
"After a thorough and robust search process, the Board believes that Carney is the ideal leader to take Brocade to the next level," said David House, chairman of Brocade's Board of Directors. "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, 50, has built a distinguished career during his nearly 30 years in the high-tech industry including a number of senior leadership positions at various networking and semiconductor vendors. Most recently, Carney was CEO and member of the board of directors at Xsigo Systems, a privately held company specialising in data centre virtualisation.
"I believe Brocade is poised to leverage its heritage of strong innovation and significantly disrupt the status quo in the data-networking industry," said Carney. "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 honoured to lead Brocade at this time."
House added: "On behalf of the Board, I would like to thank Mike for his hard work and dedication as Brocade's CEO for the past eight years. During his tenure, Brocade gained market leadership in storage networking and Ethernet fabrics while delivering a robust, end-to-end portfolio of networking products. We wish Mike well in his future endeavors."