Shaygan Kheradpir has been appointed to head Coriant as its new board chair and Chief Executive Officer. Shaygan was appointed after a brief stint as a managing partner at Merlin Equity Partners – the parent company of Coriant. Shaygan will replace Pat DiPietro as CEO. In turn, DiPietro will relinquish his post as CEO and return to his role as one of Marlin Equity’s operating partner. In addition, he will serve as Kheradpir’s Vice Chairman.
The new Coriant management shakeup at the top largely appears to be a swap of duties between Kheradpir and DiPietro. DiPietro became Coriant’s CEO in 2014 and was tasked with helping the company to integrate Coriant with two of Merlin Equity Partners’ acquisitions namely Tellabs Labs and Sycamore Networks.
DiPietro managed to effectively bring about cohesiveness between Coriant headquarters in Munich, Germany, and the two acquisitions from the U.S. The fact that Kheradpir has stepped in to take over from DiPietro shows that the latter’s work has been accomplished.
Shaygan began his career at GTE Corp working on its networking routing systems. He worked hard and became the firm’s Chief Information Officer. He later moved on to Verizon and became its executive Vice President. In addition to his duties as VP, Kheradpir also held the post of Chief Information Officer.
At Verizon, Kheradpir and his team were instrumental in developing FiOS. This is an innovative and award winning fiber optic initiative offering video services. FiOS was a huge infrastructure program that is now worth about $12 billion and has a 35 percent market penetration in areas that it is distributed. In 2011, Shaygan joined Barclays and become the bank’s Chief Operating Officer. After two years, he was promoted to the position of Chief Technology Officer. He oversaw investment banking operations, wealth management, credit card, worldwide retail and business.
After Barclays, Shaygan joined Juniper Network and served as the CEO in 2014. Later that same year, he left Juniper to join Merlin Equity Partners and later became Coriant’s CEO. Shaygan is charged with stimulating growth and expansion through introduction of innovative products to the market.
Originally posted on Lightwave: http://www.lightwaveonline.com/articles/2015/09/shaygan-kheradpir-new-coriant-chairman-and-ceo.html