Lloyd Carney Explained

Lloyd Carney
Birth Date:13 February 1962
Birth Place:Kingston, Jamaica
Citizenship:United States
Alma Mater:Wentworth Institute of Technology
Chief Executive Officer of Brocade Communications Systems (2013 to present)
Website:www.brocade.com

Lloyd Carney (born February 13, 1962) is an American businessman who lives in the San Francisco Bay Area. He is formerly the Chief Executive Officer and a member of the board of directors of Brocade Communications Systems[1] leaving that position when Brocade was acquired by Broadcom Limited in 2017.[2]

Biography

Carney, born in Kingston, Jamaica, where he attended Wolmer's Schools, holds a Bachelor of Science degree in Electrical Engineering Technology from Wentworth Institute of Technology, as well as a Master of Science degree in Applied Business Management from Lesley University in Cambridge, Massachusetts. Carney’s father is from Havana, Cuba, his mother from St. Elizabeth, Jamaica. Carney was the commencement speaker for the Wentworth Institute of Technology's Summer Commencement of 2013, where he was awarded the title of Honorary Doctor of Engineering Technology.[3] [4] Carney has two children and a grandson.[5]

Career

After graduating from Lesley University, Carney joined Prime Computer and Data General before moving to Proteon and Wellfleet Communications. Synoptics purchased Wellfleet and formed Bay Networks, after which Nortel Networks acquired Bay Networks and placed Carney as president of the Core IP, Wireless Internet and Enterprise Divisions in Paris, France.[6] [7]

In 2002, Carney joined Juniper Networks as the chief operating officer where he oversaw the engineering, product management and manufacturing divisions. In 2003, Carney was appointed chairman and CEO of Micromuse Inc., an enterprise and telecom network management company.[8] [9] Micromuse was acquired in 2006 by International Business Machines Corp (IBM) where Carney then served as the general manager of the Netcool Division.[10]

In 2008, Carney joined Xsigo Systems and served as CEO and member of the board of directors until its acquisition by Oracle Corporation in July 2012.[11] [12]

In January 2013, Carney was named CEO and member of the board of directors of Brocade Communications Systems.[13] Carney is also a member of the board of directors of Technicolor, where he serves as the chairman of the Technology Committee, and is a member of the board of directors of Cypress Semiconductor where he serves as a member of the Audit and Compensation Committees.[14]

On June 11, 2015, Carney was elected to the Board of Directors of Visa Inc. as a new independent director and serve as a member of the Board’s Audit and Risk Committee.[15]

Philanthropy

Carney is an active contributor to the Silicon Valley Start-up Common (SVSC) which is an ecosystem of entrepreneurs, mentors and investors arranged to help get start-ups off the ground and grow. Carney helps entrepreneurs connect to capital for investment through SVSC.[16] [17]

He also established Carney Global Ventures, LLC, an early round investor focused on proven individuals with creative technology ideas.[18]

Notes and References

  1. Web site: Brocade Names Lloyd Carney as Chief Executive Officer. Newsroom Brocade.com. 20 November 2013.
  2. News: Broadcom closes $5.5 billion Brocade deal. Reuters Editorial. U.S.. March 27, 2018. en-US.
  3. Web site: Brocade Communications CEO Lloyd Carney to Deliver Summer Commencement Address. News@Wentworth. August 12, 2013.
  4. Web site: Lloyd Carney Wentworth Commencement Speech 2013. . 27 August 2013 . 20 November 2013.
  5. News: Lloyd Carney, CEO of Xsigo Systems. Mercury News. April 6, 2012.
  6. News: Brocade Appoints Lloyd Carney as CEO. Street Insider. January 14, 2013.
  7. News: Brocade Appoints Lloyd Carney as Chief Executive Officer. Tech Channel. January 15, 2013.
  8. News: Brocade CEO Carney Says Not Planning Sale of the Company. Bloomberg. January 18, 2013.
  9. News: MICROMUSE APPOINTS LLOYD CARNEY AS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER. SEC. July 29, 2003.
  10. News: Xsigo Aims a Dagger at Cisco's Heart. Forbes. February 15, 2012.
  11. Web site: Bloomberg Businessweek Executive Profile. Bloomberg Businessweek. 20 November 2013.
  12. News: Oracle Acquires Xsigo Address Networking and Cloud Gaps. InfoWorld. August 7, 2012.
  13. News: Brocade Names Lloyd Carney as CEO. Computer Weekly. January 15, 2013.
  14. Web site: Technicolor Board of Directors. Technicolor. May 5, 2014.
  15. News Release | Visa Corporate | Visa Inc.. 2015-06-11. Visa Inc..
  16. News: Silicon Valley Start-up Common Where Tech Winners Give Back. Forbes. July 25, 2012.
  17. News: Lloyd Carney's Profitable Journey from Jamaica to Palo Alto. Forbes. August 22, 2012.
  18. Web site: Carney Global Ventures. 20 November 2013.