Juniper Platform Systems EVP To Exit10:39 PM EST Tue. Oct. 23, 2012
Another executive vice president is transitioning out of troubled Juniper Networks, part of an ongoing string of exits from the company's management ranks.
Stefan Dyckerhoff, most recently Juniper's executive vice president, Platform Systems Division, will be out of his role as of Nov. 1. According to Juniper, Dyckerhoff will be "fulfilling a personal aspiration to become a venture capitalist," but will serve Juniper in a limited capacity as a "staff consultant" supporting CEO Kevin Johnson.
Dyckerhoff will be joining Palo Alto, Calif.-based Sutter Hill Ventures, which in a Tuesday statement named Dyckerhoff and Twitter executive Sam Pullara as managing directors.
[Related: Juniper Shares Jump On Acquisition Talk]
Dyckerhoff was Juniper's thirty-third employee, with his first stretch there occurring from 1997 to 2003. He returned to Juniper in 2010 as executive vice president of what was then known as the Infrastructure Products Group, following several years heading up edge routing at Juniper archrival Cisco.
When Juniper reorganized its software and hardware groups in 2011, Dyckerhoff took over as head of strategy, development and business growth for the company's entire portfolio of routing, switching, branch and wireless LAN products, as well as its silicon technology and Junos operating system. He was also a cheerleader for Juniper's QFabric converged infrastructure business, from which Juniper recently laid off a number of engineers and support staff.
Succeeding Dyckerhoff to head Juniper's Platform Systems Division is Rami Rahim, a 15-year Juniper veteran and currently senior vice president of its edge and aggregation business unit.
"Rami has been with Juniper since its earliest days and is a key architect of Juniper's successful routing business. His proven expertise in stewarding the development of our innovative portfolio ensures our continued leadership in routing and switching," Johnson said in a statement.
Juniper's ousted several EVP-level managers in recent weeks, including Mark Bauhaus, executive vice president of service, support and operations, and John Morris, executive vice president, strategic alliances. R.K. Anand, executive vice president and general manager of Juniper's data center business, is also transitioning out of the company, according to Juniper insiders.
Juniper has confirmed plans to cut about 500 jobs, part of an ongoing restructuring aimed at removing about $150 million in expenses in 2013. The company on Tuesday announced fiscal third-quarter earnings, reporting sales of about $1.12 billion, up 1 percent year-over-year, and non-GAAP profit, excluding one-time items, of $118 million, down 31 percent year-over-year.
Juniper has been a recent subject of M&A talks, though most Wall Street analysts are skeptical of a rumor of EMC's involvement as a potential acquirer.
PUBLISHED OCT. 24, 2012