Coriant, a large telecommunications corporation with around three thousand employees, has chosen a new CEO. The former CEO wasn’t fired but ended up taking his previous job back. This change in leadership prompts the question why? Why would this company decide to make a change? The answer may be more straightforward than business reporters and journalists may think. The CEO they appointed is Shaygan Kheradpir. Kheradpir has a bachelors, master’s, and doctoral degree in electrical engineering from Cornell University. He previously worked for Verizon, Barclays, and Juniper Networks. He often held the position of chief technology officer (CTO) and made improvements to the companies technology and diversification of assets. Additionally, Kheradpir served on the board of the United States National Institute of Standards and Technology. from 2010 to 2013.
Coriant sells hardware and software for voice and data networks. It gives Kheradpir a chance to expand upon his decades of experience with innovative technology and finances.
Coriant is hoping that they have made a wide decision in trusting Kheradpir to make good executive decisions and take care of the large company. In his previous job he made job cuts and other actions in order to turn the business around and work with the board of trustees.
In an unforgiving, often unpredictable, financial market making major changes to a company like who is at the helm can lead to doubt and crisis in the market. The future of the company is unsure, although many technology based companies are in the same boat.