Skype names Cisco exec as new CEO, could indicate specific IPO plans on horizon

Skype getting new CEO from Cisco

SAN FRANCISCO — Skype is replacing its CEO with a Cisco Systems executive. The change may indicate the Internet calling service is closer to announcing specific plans for an initial public offering.

Skype S.A. says Tony Bates, formerly a Cisco Systems Inc. senior vice president, will take over for Josh Silverman.

Silverman led the Internet calling service through its split from eBay Inc. last year. Skype made the announcement on Monday.

Luxembourg-based Skype is planning a U.S. public offering and has filed paperwork with the Securities and Exchange Commission. It hasn’t said when it intends to sell its shares, or for how much.