Juniper CEO Kheradpir Resigns; Rami Rahim Named Successor

(RTTNews) - Networking gear maker Juniper Networks, Inc. (JNPR) said Monday Shaygan Kheradpir has resigned as chief executive officer and a director of the company, effective immediately.

The company has named Rami Rahim to succeed Kheradpir as CEO. Rahim has also been appointed to the company's board of directors.

"Kheradpir's resignation follows a review by the board of directors of his leadership and his conduct in connection with a particular negotiation with a customer. The board and Kheradpir have different perspectives regarding these matters," the company said in a statement.

The board's review will not result in any adjustments to the company's financial statements, Juniper noted.

Rahim, a 17-year Juniper Networks veteran, previously served as executive vice president and general manager, Juniper Development and Innovation. Rahim started at Juniper as employee #32 and worked as an engineer on Juniper's first product, the M40 core router. He was also one of the original architects of the MX, Juniper's flagship routing platform, and oversaw its exceptional growth.