Senior Vice President Marc Randall left Brocade following disappointing first quarter sales of Ethernet switches.
Randall was in charge of Products and Offerings at Brocade. He joined the company in January 2009 after eight years at Force10, retiring as CEO in 2008 two months before the company merged with Turin Networks. Before Force10, he was an engineer at Cisco.
First quarter sales of the Ethernet/IP products obtained from the $2.6 billion acquisition of Foundry Networks in 2008 came in well short of what the company and Wall Street expected. Brocade acknowledged that its OEM sales strategy, which includes data center stalwarts IBM and Dell, was not taking hold and promised a realignment.
But Brocade stock was hammered and analysts say that sales strategy shift may take quarters to turn things around.
"Marc Randall is no longer with Brocade and we wish him well in his future endeavors. We have no further comment beyond that," Brocade said.
In a bulletin on the move, investment firm UBS believes he took the fall for Foundry.
"Brocade has not publicly commented on why Marc Randall is no longer with the company, but we believe Marc Randall was let go," states UBS analyst Nikos Theodosopoulos in the report. "It was likely due to the weak performance of Foundry sales thus far, which were down 24% in the (first quarter), while peers all grew in the 20%+ range (sequentially)."
John McHugh, a veteran of the Ethernet switching market and a longtime HP ProCurve executive, recently was named chief marketing officer at Brocade.