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