Brocade CEO to Resign after 7 Years

In spite of a successful seven-year run as CEO, Brocade CEO Michael Klayko is calling it quits.

 

Klayko states that he believes this is the right time for him to resign and that Brocade is in an excellent financial position to maintain strong product sales in the future.

As the Brocade Board of Directors sets up a search committee to identify candidates to replace him, Klayko stated that he will remain dedicated to his role as CEO until a replacement is found.

As Klayko Resigns, Brocade SAN Storage Sees 13% Sales Increase

Overshadowed by the announcement, third quarter results for Brocade were bright. Despite a series of mediocre quarters leading up to Klayko’s departure, Brocade SAN storage product revenue increased 17% year over year.*

As one of the top producers of networking gear, Brocade produces SAN switches, SAN directors, and networking gear for enterprises and data centers around the world.

The market leader, however, has experienced significant competition from Cisco following their reorganization.

Please click here to read more about the resignation of Brocade CEO Michael Klayko.

*The Register, August 17, 2012


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