17 May 2018
| Alan Burkitt-Gray
Network equipment company Coriant has appointed one of the partners in its private-equity owner as CEO.
Pat DiPietro, operating partner at Marlin Equity Partners,
replaces Shaygan Kheradpir, who, in the traditional phrase,
"has stepped down from his role to pursue other
Kheradpir joined Coriant in September 2015 and has not updated
his LinkedIn profile to reflect his changed position.
DiPietro will be joined by Reza Ghaffari, an existing Coriant
executive, who will be the company’s first chief
operating officer. Ghaffari is a former Verizon executive who,
says Coriant, "has a long track record of success and global
exposure as a serial entrepreneur building companies from the
ground up with over 25 years of telecom-related experience
ranging from enterprise network solutions, regional
distribution, and provider of cloud communication
Kheradpir is also a former Verizon executive and the reasons
for his departure are unclear. He was CIO and CTO at Verizon
for a decade until 2010, after which he spent three years as
CIO of UK-based Barclays Bank, followed by only 11 months as
CEO of Juniper Networks. He joined Coriant 10 months after
Coriant was created five years ago by the merger of three
businesses, Sycamore Networks, Tellabs, and the optical networking operations of the
former Nokia Siemens Networks (NSN). The first CEO after the
merger was Herbert Merz, a former Siemens executive: initially
he was president and CEO, then just president, and then a
As a private-equity owned company, Coriant does not publish
financial results. A year ago Light Reading said that the
company was firing 100 of its 2,500 staff, a report Coriant
refused to comment about.
DiPietro, who has been vice-chairman of the board, said:
"I’m thrilled to take the helm of Coriant as it
transforms to drive new value for its global customers with
cost-disruptive innovations in open, software-driven, and
revenue-enhancing products and technologies."
Coriant said that Ghaffari "will continue to lead
Coriant’s global service and support organisation,
while assuming responsibility for the company’s
global IT, human resources, and facilities functions".
It added that he has "a proven track record of driving
operational excellence and outcome-based results", and is
"uniquely qualified to drive further improvements in the
support we provide our customers by strengthening functional
alignment and in-region resource".