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Brocade acquires Foundy, but not its CEO

Brocade finally closed on its $2.6 billion acquisition of Foundry Networks today, and added more Ethernet expertise by hiring a new CTO and senior VP of products and offerings from outside Foundry.

Dave Stevens rejoins Brocade as CTO. He first came to Brocade in the Rhapsody Networks acquisition in 2003 along with current Brocade CEO Mike Klayko, but left the following year. Stevens also founded firewall vendor Palo Alto Networks and worked for networking vendors Atmosphere Networks, Bay Networks, Nortel, and SynOptics.

The new SVP is Marc Randall, former CEO of Force10 Networks and previous VP of engineering at Cisco.

One Ethernet networking vet who won’t join Brocade is Foundry founder and CEO Bobby Johnson. Brocade made no mention of Johnson in either of its press releases today, but I had to ask. Brocade spokesman John Noh said most of Foundry’s execs will join Brocade, but not the boss.

“[Johnson] now has the opportunity to pursue several charitable activities that he did not have the time to do while serving in his capacity of CEO,” Noh wrote in an email. “We thank Bobby for building such a great company with a seasoned executive team, industry-leading products and technologies and a robust customer portfolio.”

The acquistion was first revealed in July but didn’t receive approval from Foundry shareholders until Wednesday, following a renegotation of price from $3 billion to $2.6 billion.

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