Lloyd Carney

CEO

Lonergan Partners is pleased to announce that Lloyd A. Carney has been named Chief Executive Officer at Brocade Communications. The search was led by Mark Lonergan.

About Lloyd

Lloyd has built a distinguished career during his nearly 30 years in the high-tech industry including a number of senior leadership positions at various networking and semiconductor companies. Most recently, he was CEO and member of the board of directors at Xsigo Systems, a privately held company specializing in data center virtualization, where he positioned the company to take advantage of emerging technology opportunities including cloud computing and software-defined networking.

Previously, Lloyd was CEOof Micromuse, Inc., which specialized in network management software and later became an integral part of the IBMTivoli framework. He has also held key senior leadership positions at major networking companies including Juniper Networks as its chief operating officer and at Nortel Networks as president of its multi-billion dollar Core IP, Wireless Internet and the Enterprise divisions. Lloyd also served at Bay Networks as the executive vice president and general manager of the Enterprise Business Group, the company’s largest business unit.

About Brocade

Brocade (NASDAQ: BRCD) networking solutions help the world’s leading organizations transition smoothly to a world where applications and information reside anywhere.

Placement Update

Broadcom acquired Brocade on November 17, 2017.

After a thorough and robust search process, the Board believes that Mr. Carney is the ideal leader to take Brocade to the next level. Mr. Carney has a relentless passion for driving innovation and operational excellence. These characteristics, combined with his track record of execution including delivering growth and increasing shareholder value, make him an outstanding choice to lead Brocade into its next phase.

David House, Chairman of the Board, Brocade

I believe Brocade is poised to leverage its heritage of strong innovation and significantly disrupt the status quo in the data-networking industry. There are profound changes happening across high tech today and Brocade has a great opportunity to lead that transformation through differentiated products and customer focus. Success here will accelerate profitable growth for our company and drive further value for our shareholders. I am very excited and honored to lead Brocade at this time.

Lloyd Carney, CEO, Brocade

Brocade is an ideal company for the talents of this technology leader. Lloyd brings great energy, wisdom and technical depth to the company.

Mark Lonergan, Founder & Managing Partner, Lonergan Partners