October 5, 2010

Skype getting new CEO from Cisco

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.

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