Brocade CEO to resign

Brocade CEO to resign

Summary: After over seven years with Brocade, CEO Michael Klayko will resign his role.

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Brocade has announced that its CEO Michael Klayko intends to step down from his role, following a strong third quarter from the company.

The search for his replacement has already begun, with the board forming a search committee and deciding to hire an executive recruitment firm. Klayko will keep his role until a replacement is found.

Klayko said that he thought it was the right time to leave the company, which has just reported strong third-quarter results. It achieved revenues of US$555.3 million, an increase of 10 per cent year on year, despite an environment that has been challenging many vendors.

The growth was driven by the storage and Ethernet businesses, Brocade said, with storage revenue up 17 per cent year on year.

Brocade's chairman Dave House said he is grateful for Klayko's work.

"We want to thank Mike for his more than seven years of service as CEO. He has led us through two major acquisitions, and has positioned us as a technology leader and world-class provider of networking solutions. We wish him the best and appreciate his continued service to Brocade as the company works to identify the right leader to assume his role," he said in a statement.

Topics: IT Employment, Cloud, Data Centers

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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  • Mosaic Technology

    Mosaic Technology is a proud partner of Brocade and is definitely sad to see Michael Klayko’s leave. It will be interesting to see how business will be affected and continue to develop. Great article, Suzanne.

    Meaghen
    Mosaic Technology
    http://www.mosaictec.com
    meaghenice