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Brocade (BRCD) CEO Klayko Resigns

August 16, 2012 4:17 PM EDT Send to a Friend
The Brocade (Nasdaq: BRCD) Board of Directors and CEO Michael A. Klayko announced today that Mr. Klayko intends to resign from his role as CEO once a successor is identified by the Board and a transition is completed. The Board has formed a search committee and will retain an executive recruiting firm to identify the best candidate to lead the next phase of Brocade's growth. Mr. Klayko will continue to serve as CEO of Brocade during the search.

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