Coriant has recently announced Shaygan Kheradpir, as the new CEO. This took effect in September 2015. Shaygan was already a player in the company’s management team, while still working at Marlin Equity Partners. Coriant evolved from a combination of Tellabs, Nokia Siemens, and Sycamore Networks. This new appointment is set to make dramatic changes in strategic planning and operation of the company.
About Shaygan Kheradpir
Shaygan has worked in technology and financial service sector for over 28 years. Previously, he attended Cornell University, from which he attained higher education. His main specialty was electrical engineering. He landed the first job at the GTE Laboratories, working on network routing and management. The coming years saw him rise to the position of chief information officer. It was catapulted by his timely delivery of new products.
From the year 2000, GTE formed a merger with Bell Atlantic. Khedapir continued to work for the new company dubbed, Verizon Communications. He was quite instrumental with regards to the diversification of new products and technological services. In 2011, he joined Barclays Bank for the position of CEO in global retail business. He oversaw operations suited to delivery products and services to clients. One of the contributions made was the development of Pingit mobile payment software.
Kheradpir to Scale up Profit Index at Coriant
His executive career implies that he has numerous connections with many industries. With the doctoral degree in engineering, he served in the engineering council. This means that the lad holds many patents in varied fields such as telecommunications, media and so on. Such intensives will probably be used to the company’s benefits.
Due to the growing need for data intensive applications, Shaygan’s experience will be of great importance. He has taken this position previously held by Pat DiPietro. DiPietro made overwhelming strides when it comes to escalating integration, coupled with portfolio initiatives. Now, DiPietro returns to his former position at Martin Equity Partners. In other words, they will just be switching jobs.
Coriant accrues annual revenues of $1 billion. This is attributed to the many customers it has around the globe. However, other market players such as Infinera, Cisco and Alcatel-Lucent are also in existence. In this regard, Shaygan is charged with responsibility if scaling up the sales of packet-optical systems.
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