Shaygan Kheradpir, a longtime technological innovator and financial advisor has now landed the big job at Coriant. The company recently hired Kheradpir as CEO after he resigned from Jupiter Networks, an unexpected development in his career. But Coriant hopes to benefit from Kheradpir’s well-known expertise in the networking technology industry, and hopes that he can drive their product and service sales to the top. Coriant’s products are SDN-enabled and are focused on high-speed deliveries with cloud-based technology, state-of-the-art data centers, high-end routing and switching modules, and 4G and 5G mobile connectivity platforms. While Coriant has some major competitors is up against such as Cisco and ZTE, Kheradpir is looking to make inroads with some major international carriers.
Kheradpir has spent 28 years helping to finance and develop major technological solutions, dating back all the way to his time at GTE Corporation. Kheradpir was hired at GTE after finishing his bachelor’s in electrical engineering and control systems at Cornell University, and he helped the company develop various networking patents. Probably the most notable was the TONICS, a switched telephone network system built with a lot of bells and whistles, but meant to integrate into the company network infrastructure.
Kheradpir also had an interest in fiber-optic technology, and after Verizon bought out GTE Labs, Kheradpir would help the company make advances in the growing technology. In fact, it was Kheradpir who laid the framework for Verizon’s FiOS, a service that delivers internet and television through high grade fiber cables, delivering a world class streaming experience to homes and businesses all across the globe. In addition to FiOs, he helped Verizon grow other solutions such as their VoIP service, and by the time he left the company Verizon had grown to a $12 billion enterprise.
Kheradpir also gained experience in the banking industry as he served at Barclay’s PLC as Chief Operating Officer. During his time there, he spearheaded the TRANSFORM program, an initiative aimed at bringing more advanced digitized systems into the banking industry. He also helped the bank cut costs in its operations through the program. Shaygan Kheradpir had originally looked to take his expertise in both technology developments and financial cost-cutting to Jupiter Technologies, in order to grow their new cloud-based networking equipment production and sales, but after a brief period there determined it wouldn’t work out, he now takes that expertise with a renewed commitment to serve as CEO of Coriant.
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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
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