Coriant, an optical transport system vendor, has tapped a technology and business executive to take over the reigns as its chief executive and chairman of the board.
Shaygan Kheradpir is now running Coriant, following Pat DiPetro, who becomes
vice chairman. DiPetro had been named president and chief executive of Coriant in 2014.
DiPetro revisits his role as operating partner at Marlin Equity Partners, the private equity company that brought together the optical unit of Nokia, Tellabs and part of Sycamore Networks to build Coriant.
According to Coriant, Kheradpir has been working directly with senior executives as an operating executive to Marlin Equity Partners.
DiPetro is quoted in a Light Reading story, (www.lighttreading.com/optical/packet-optical/kheradpirs-coriant-comeback/a/d-id/718548,) as saying Coriant is pleased Shaygan has joined the company and privileged to have such a talented executive guiding the company with his close to 30 years experience within industries such as technology, telecom and financial services.
While Kheradpir’s diversity of roles take in GTE and Verizon Communications as well as time as chief operations and technology officer at Barclays Bank, the story questions how well matched Kheradpir is to managing an innovative networking solutions provider with roughly 500 customers and annual revenues of an estimated more than $1 billion as it strives to separate itself from rivals that take in Alcatel-Lucent, Cisco and Infinera and others.
DiPetro called attention to Kheradpir’s deep intuitive understanding and direction as being invaluable since they began working together and there is no doubt about his capability to steer Coriant to the next level of acceleration.
Kheradpir, who was born in London and grew up in Iran, moved to the United States to work towards his education. He holds a bachelor’s, master’s and doctorate degree in electrical engineering from Cornell University.
He has multiple patents spanning telecom, media and payments and was on the advisory board of the U. S. National Institute of Standards & Technology.