Juniper Networks has nabbed the chief technology officer of Barclays as its next chief executive.
Shaygan Kheradpir (pictured), who has been with the bank since 2011, will replace Kevin Johnson at Juniper after he announced his intention to step down from the network company in the summer.
The chairman of the Juniper board said Kheradpir had the necessary blend of talents for the role.
“Shaygan has a proven track record of successful business operations and technology leadership, with industry knowledge and technical vision from the perspectives of both telecommunications service providers and global enterprises,” he said.
“Most importantly, Shaygan's values and vision for the company align very tightly with our own, building a strong foundation for Juniper's future."
Kheradpir, who also previously worked as chief technology officer and executive vice president at Verizon Communications and holds a PhD from Cornell University in electrical engineering, said he was delighted to be joining the firm.
"Juniper Networks delivers innovations that are transforming the way people interact, conduct business, and connect as a global community," he said. "I am honoured to lead this visionary organisation and look forward to working with this group of dedicated and talented professionals to drive the next phase of the company's growth."
Kheradpir has a tough act to follow after Johnson oversaw 50 percent growth in five years at Microsoft and helped the company post Q2 profits for 2013 at $98m and revenues reaching $1.15bn.
For Barclays, it represents another notable loss from its top ranks after Ian Sayers, previously head of mobile and digital architecture at Barclays, left to become the CTO at mobile payment startup Zapp.
Barclays chief executive, Antony Jenkins, thanked Kheradpir for this contribution to Barclays during his time at the firm.
“Shaygan has made a huge contribution to our innovation and technology agenda,” he said. “He has infused his colleagues in Operations and Technology with a spirit of creative thinking and exploration which Barclays will continue to benefit from long after he has moved on.”
The appointment comes amid numerous leadership changes in the tech sector with Microsoft currently running through suitable applicants for the top role at Redmond as Steve Ballmer heads for the exit.
HP and Centrica are the first industry partners to sign up to the government's new Code
New ice grows faster but is also more vulnerable to weather and wind
With a crackdown on cheats is coming in November, PUBG rushes to fix matchmaking problems introduced in Update #22
New material uses carbon dioxide from the air to repair and reinforce itself