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.
Dick DeVos (conceived Richard Marvin DeVos, Jr., October 21, 1955) is a visionary business specialist from Michigan. The child of Amway co-founder Richard DeVos; he served as President of the shopper merchandise dispersion organization from 1993–2002. In 2006, DeVos kept running for legislative head of Michigan, however, lost to Fair officeholder Jennifer Granholm In 2012, Forbes magazine recorded him as the 67th wealthiest individual in the United States, with total assets of around $5.1 billion.
GRAND RAPIDS, MI – Almost 50% of $90.9 million the DeVos family gave away through their five family establishments in 2013 bolstered education initiatives. http://www.mlive.com/business/west-michigan/index.ssf/2016/01/devos_family_donations.html#incart_river_home
This classification incorporates open and private colleges and Christian and open K-12 schools, and associations that give instructive administrations.
In general, the family says its gifts fall into four general classes: instruction, wellbeing and group, arts and culture, and church and religious gatherings.
With an end goal to see how the DeVos family portrayed its giving in 2014 for a story in Forbes Magazine, MLive broke down IRS filings of the family’s 2013 beneficent gifts, the most current record freely accessible.
The IRS records are being partaken in the databases underneath to show how 567 gifts were classified, utilizing rules gave by family representative John Truscott.
The databases incorporate beneficiaries, beneficiary area, gift sum and class for each of the five family establishments, including the Dick and Betsy DeVos Family Foundation.
In spite of the fact that the family is additionally broadly known for its backing of traditionalist political hopefuls and issues, these IRS 990-based figures do exclude political commitments. In any case, a segment of the altruistic giving appeared here is to conservatively adjusted establishments, for example, research organizations.
MLive’s examination demonstrated $60 million, or almost 66 percent, of the family’s 2013 gifts went to associations in Michigan, with the lion’s share staying in the Grand Rapids territory.
The order is convoluted by many associations with a double mission.
For instance, Christian Learning Center, in Wyoming, Michigan, is a religious association that gives after-school mentoring. For this situation, MLive chose the class training as best portraying the association’s basic role.
However, Dick regularly gives to his own aviation high school as well. He is an avid pilot of both various models of airplanes and helicopters. You can see his passion personified in the video of his spectacular landing in his Michigan hometown below.
Wellbeing and the group are a classification that demonstrated the greatest scope of projects, from gifts to youth associations like the Young Men and Young Ladies Club to political research organizations like the Legacy Establishment in Washington, D.C.
In light of MLive’s examination of the family’s 2013 giving, 48 percent of gifts were spent on instruction, 27 percent on wellbeing and group administrations, 13 percent on chapel and religious associations, and 12 percent on expressions and society.
To learn more about the career of DeVos, check out his LinkedIn page. If you’re interested to see more of his life story, check out his personal website or you can keep up with him on social media as he has an active presence on Facebook and Twitter.
Bruce Levenson is best known as an owner of a prominent NBA team, but he also has some renown as a philanthropist. Recently he’s doubled-down on that reputation. Bruce and Karen Levenson made donations which facilitated The Center for Philanthropy and Nonprofit Leadership at the University of Maryland. The Center has been successfully operating for three years, and as PR Newswire reports, regularly drums up around twenty thousand dollars a year between its varying courses. (That’s: ten thousand dollars a semester.) The Center has become the nation’s favorite–at least as far as Washington D.C. and PR Newswire are concerned. Apparently recruiters from nonprofits in D.C. regularly go through the University of Maryland’s Philanthropy Center. This is good news for students at the University, and nonprofit organizations in general. The Center is expanding, too. This year marks the first where a dormitory had been added to The Center; part of a new “living and learning” program. All students at the University of Maryland funnel through The Center at one time or another. Bruce Levenson has made it clear this is a primary feature of said Center’s existence. Levenson wants The Center to ensure “…every student attending the University of Maryland graduates as an informed and motivated philanthropist.” As it stands, the Levenson’s efforts seem as though they’ll positively impact not just the local community surrounding The Center, or the nation, but the world itself. That would be Bruce’s desire, anyway. Whether or not this is ultimately the case, The Center is certainly doing good for society. http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html