Michael Klayko Steps Down as CEO of Brocade

Michael A. Klayko will resign as CEO of Brocade pending identification of a successor.

Michael Klayko, CEO of Brocade, stated, “Decisions like these are never easy, but I believe it is the right time. The Company is in a great position financially, and our product pipeline will continue to strengthen and clearly separate Brocade from other networking providers. Until a successor is identified, I remain focused on my role as CEO and on continuing to execute our strategy.”

Brocade’s Chairman, Dave House, said, “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.”

http://www.brocade.com

• Brocade acquired McDATA in 2006 and Foundry Networks in 2008.