Deals
Brocade CEO Resigning as Effort to Find Buyer Falters
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Brocade Communications Systems Inc., a maker of switches for data-storage networks that has been seeking to sell itself, said Chief Executive Officer Michael Klayko plans to resign.
Klayko, who has worked at Brocade for almost a decade in top sales and marketing roles, will stay on until a successor is identified, San Jose, California-based Brocade said yesterday in a statement. The board has enlisted a recruiting firm to find a replacement.