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Monday, 04 October 2010 18:26

Breaking: Skype To Appoint A New CEO, Cisco EVP Tony Bates

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Skype is taking another step towards becoming a public company today with the appointment of a new CEO. We don’t yet know who it is, but the announcement should be coming out shortly. Skype’s current CEO, Josh Silverman, will be moving on.

The company recently filed to go public in August. And while there were rumors that a company like

Cisco might buy it, adding a new CEO at this time points more strongly in the direction of an IPO.

Skype is on track to pass $1 billion in revenues next year (its revenue run-rate for 2010 is $800 million). In June, Skype was averaging 124 million active users a month, but only 8.1 million o them were paying. Skype has the scale it needs to negotiate lower telecom connection fees around the world, but it needs to ramp up the number of paying customers and convert more free users.

Update:I have confirmed that Skype’s new CEO is going to be Tony Bates, a senior VP at Cisco, who runs its Enterprise Group, which is a $20 billion business. Bates will be moving to Skype HQ in Luxembourg and will begin his duties at the end of October. CFO Adrian Dillion will be acting CEO in the interim. Since it’s spin-off from eBay, Skype has a completely new executive team, including a new CFO, general counsel, chief marketing officer, and head of engineering. Now Bates will top off the new team.


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Authors: Erick Schonfeld

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