Feeds

Brocade in bigwig bow-out brouhaha

Bye bye head finance guy

Build a business case: developing custom apps

Is something up at Brocade? The cloud and storage networking supplier has suddenly lost CFO Richard Deranleau, who has resigned to "pursue other interests".

He follows another senior exec out of the door, VP for corporate development TJ Grewal.

There is no turmoil going on at Brocade, no public tensions over finance or corporate development. The company has posted good results recently and it is not a known acquisition target, although there has been speculation that it was going to be bought, but that is often the case with Brocade.

Still, Grewal's departure from a corporate development role could lend weight to such speculation. Stifel Nicolaus analyst Aaron Rakers thinks Deranleau's ship-jump is a concern "given Brocade’s improving performance over the past few quarters" and following on from Grewal's departure.

In other words, there is no obvious reason for Deranleau to leave. He doesn't appear to be going to another job, and it's possible there could have been some strong disagreement about Brocade's strategy and finances that precipitated his exit.

Brocade CEO Michael Klayko thanked Deranleau for his eight years of service, and promoted Dan Fairfax to CFO from his VP business operations position. ®

Build a business case: developing custom apps

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Microsoft says 'weird things' can happen during Windows Server 2003 migrations
Fix coming for bug that makes Kerberos croak when you run two domain controllers
Cisco says network virtualisation won't pay off everywhere
Another sign of strain in the Borg/VMware relationship?
VVOL update: Are any vendors NOT leaping into bed with VMware?
It's not yet been released but everyone thinks it's the dog's danglies
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.