Shaygan Kheradpir takes over as new Coriant CEO and Chairman
Former Juniper Networks CEO Shygan Kheradpir has taken over as the new CEO and Chairman of optical technology giant Coriant. Coriant is an optical vendor with more than $1billion in annual revenues and about 500 customers. Shaygan will also succeed Pat DiPietro as the board chairman at Coriant. Mr Pat is making a comeback as an Operating Partner at Coriant’s owner, Marlin Equality Partners – the company that helped stitched up Coriant. In some ways, DiPietro and Shaygan will be swapping seats as Shaygan was recently working as an operating partner at Marlin as well. The Electrical Engineering PhD holder from Cornell University brings in an experience of over 28 years in executive leadership across technology, telecom and financial services to Coriant.
Shaygan Kheradpir grew up and lived in Sillicon Valley, an area famously known for kids dropping out of school especially at the college level to start businesses. However, Shaygan took a different path and finished school eventually earning a PhD in Electrical Engineering. Shaygan began his executive carrier as an executive with GTE Corp. He then moved to Verizon Communications as the executive vice president and chief information officer of the company. At Verizon, Shaygan was a key figure in helping the communication giant roll out its FiOS FTTH services, a program which demanded an inclusion of a capital investment of over $20 billion. After working as the Verizon CIO, Shaygan moved to Barclays PLC as the Chief Operations and Technology Officer. Previously, Shaygan was the CEO of Juniper Networks.
Coriant, an optical vender that was created out of the combination of Tellabs, Nokia Siemens Networks (MSN) Optical Networks and Sycamore Networks, is facing a lot of challengers from competitors such as Cisco, Alacaterl-Lucent, Ciena and Infinera. Shaygan will be faced with an uphill task of surging the company’s revenues with a reported decline in 2014 revenues as compared to growth recorded by most of its competitors.
As the new CEO, his key tasks will be to drive new and more sales to Coriant’s equipment. There has been a huge demand for service providers such as Coriant to deliver 100G to multi-terabit coherent metro and long haul transport systems. This is besides demands in mobile backhaul upgrades in the new 4G and upcoming 5G deployments. He has the advantage of stepping in a predecessor’s shoes who had led the company in winning lucrative deals with international carriers such as Australia’s NBN, China Unicom, NBN and Telia Sonera International Carrier (TSIC).
According to LightReading.com, DiPietro is quoted as saying that Coriant is honoured to welcome Shaygan as the new Coriant CEO. The article further quotes DiPietro acknowledging Shaygan’s vast strategic insight and guidance as an invaluable employee from his role as a partner at Marlin. Another plus on Shaygan is that he has previously been working as an Operating Partner at Marlin Equity Partners. Working closely with the senior management team at Coriant means he will not be walking to the vendor blindly.