The chief executive of Juniper Networks, Kevin Johnson, has announced his intention to retire from the company once a successor has been found. The announcement came on the day Juniper posted its Q2 2013 financial results, which included a 70 percent year-on-year jump in profits.
Johnson (pictured left), who moved to Juniper from an executive position at Microsoft in 2008, oversaw Juniper's 50 percent overall growth in his five years in office, with the company's quarterly profits now standing at $98m and revenues reaching $1.15bn. Johnson said that the transition has been timed well, with the adoption of new technologies and standards coming thick and fast.
He said: "It has been a privilege to have served as Juniper's CEO during the past five years. Networks are being transformed by the rapid increase in traffic volume, cloud computing and the mobile internet, and we are entering a fresh cycle of customer investments in the network. With this positive momentum, I believe it is a good time to transition to new leadership and drive the next phase of Juniper's growth."
The company has launched a number of new products in recent months including networking solutions for mobile network operators, and Johnson added that the company had seen gradual growth in its security products.
"We continue to see signs of strength in our key markets and we are confident in our routing and switching portfolio. We are also seeing early signs of improving security demand," he said.
"As we drive innovation to differentiate across our product portfolio, we continue to deliver revenue growth and stay focused on executing with agility to drive value for all our stakeholders."
The company has also predicted continued strong results from its core routing and switching operations during its chief executive transition, which has not been given a deadline.
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