December 19, 1960 |
London, United Kingdom
|Education||Ph.D. in electrical engineering|
|Alma mater||Cornell University|
|Occupation||Business and technology executive|
Shaygan Kheradpir is a business and technology executive. He is currently the CEO of Coriant. Kheradpir holds a bachelor's, master's and doctoral degree in electrical engineering from Cornell University. Before being appointed to his current position, he held executive positions at GTE, Verizon, Barclays, and Juniper Networks, where he's contributed to various product development and cost-cutting initiatives.
Early life and education
Shaygan Kheradpir was born in London and grew up in Iran. His father was an ear, nose and throat doctor. Kheradpir moved to the United States for university, earning a bachelor's, master's and doctoral degree in electrical engineering from Cornell University.
Kheradpir's first job was at GTE Laboratories in 1987. There he worked on network routing, management, and control. He eventually became chief information officer at GTE Corporation, "earning respect for delivering new products on schedule," according to The Wall Street Journal.
In 2000, GTE merged with Bell Atlantic to form Verizon Communications. Kheradpir initially served as the president of Verizon's e-business division, before becoming the company's first CIO/CTO. At Verizon, Kheradpir contributed to the company’s diversification into a broader range of telecommunications services, as well as the automation of operations.
In 2001, Kheradpir formed small teams that were each responsible for coming up with and developing new product ideas. Kheradpir implemented a 30-day prototype cycle to rapidly test and modify new technologies in development. His team of approximately 7,000 staff often worked late hours, but positions at Verizon were in high demand, because of the department's rapid pace. According to InfoWorld, his team "contributed to the development of Verizon's FiOS fiber optic video initiative and related DVR." In 2003 his team created iobi, which manages address books, caller ID and other features across devices. The Verizon One, a combination phone, router, modem and portable device, was developed from his department the following year. His division also reengineered many of Verizon's core systems, including call center, website, automated customer service systems, and integrated formerly separate systems from predecessor companies GTE, Bell Atlantic and NYNEX.
During Kheradpir's tenure at Verizon, the company reduced its information technology budget from six percent of revenue (the industry average) to four percent. From 2000 to 2003, he reduced IT staff by 20 percent and reduced purchasing from technology vendors by 30 percent. He negotiated aggressively with vendors to reduce prices and lobbied Verizon to eliminate its policy against purchasing IT equipment being auctioned on eBay by failed dot-com businesses. Many contract programming positions were out-sourced to lower-cost labor in India. Additionally, new software was installed that improved Verizon's utilization of IT hardware.
In January 2011, Kheradpir joined Barclays as the Chief Operating Officer of the Global Retail & Business Bank. He contributed to the development of customer products like the Pingit mobile payments software. In March 2013, Kheradpir was promoted to Chief Operations and Technology Officer, reporting to Antony Jenkins. It was the first time a technology executive sat on the executive team at Barclays.
Kheradpir became CEO of Juniper Networks in January 2014. He developed and executed a restructuring and cost-cutting plan that Juniper called its Integrated Operating Plan (IOP), in response to pressure from activist investors at Elliot Management. The plan included $160 million in cost cutting and returning $3 billion to shareholders over three years by buying shares and increasing dividends. It also consolidated many product and R&D groups. According to Network World, Elliot Management was pleased with the plan.
Kheradpir briefly joined a private equity firm, Marlin Equity Partners, before being appointed as CEO and chairman of the board at Coriant, an optical-networking vendor that Marlin Equity Partners created in 2013. On 28 September, he was appointed CEO, taking over from Pat DiPietro, who became vice-chairman of the company.
From 2010 to 2013, Kheradpir served on a board of the United States National Institute of Standards and Technology (NIST), known as the Visiting Committee on Advanced Technology. From 2007 to 2010, Kheradpir served on the Advisory Board of the YMCA of Greater New York. Kheradpir is a member of the Cornell University Engineering Council.
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- Buckley, Sean (September 29, 2015). "Former Juniper CEO, Verizon Veteran Kheradpir Takes Reins at Coriant". FierceTelecom. Retrieved October 20, 2015.
- Craig Matsumoto (September 29, 2015). "Juniper Ex-CEO Shaygan Kheradpir Resurfaces at Coriant". SDxCentral. Retrieved October 20, 2015.
- NIST Visiting Committee on Advanced Technology (VCAT), National Institute of Standards and Technology, retrieved March 29, 2015
- YMCA of Greater New York Annual Report, 2007 (PDF), YMCA, retrieved March 29, 2015
- "Cornell University School of Electrical and Computer Engineering, Advisory Council". Cornell University. Retrieved March 29, 2015.