Summary Box: Skype names Cisco executive as new CEO, could mean specific IPO plans coming

By AP
Monday, October 4, 2010

Summary Box: Skype getting new CEO from Cisco

THE CHANGE: Internet calling service Skype said Monday that Tony Bates, formerly a senior vice president and general manager of Cisco’s enterprise, commercial and small business division, is replacing its current CEO, Josh Silverman.

THE EXPERIENCE: At Cisco, a massive, publicly traded company, Bates managed more than 12,500 employees — more than 12 times Skype’s head count.

WHAT IT MEANS: Bates’ background could help him lead Skype through an initial public offering — something Skype has already indicated it is planning, though it has not said when it could happen.

Filed under: Information Technology

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