Joost appoints former Cisco executive Volpi as CEO
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[June 05, 2007]

Joost appoints former Cisco executive Volpi as CEO

(Associated Press WorldStream Via Thomson Dialog NewsEdge) AMSTERDAM, Netherlands_Joost, a Dutch Internet-based TV service, said Tuesday it appointed Cisco veteran Mike Volpi as chief executive officer.

He replaces Fredrik de Wahl, who will remain at Joost as chief strategy officer.

Volpi is known as a mergers and acquisitions expert and most recently managed Cisco's key routing and service provider group.

He quit Cisco Systems Inc. in February after 13 years, saying he was looking to join "an organization where I have my signature, my DNA, within it."

Volpi called Joost "a product with the potential to change the way video is enjoyed around the world," in a press statement Tuesday.

Joost transmits video and is also responsible for the hugely popular Skype calling and Kazaa music-sharing services.

Skype proved so successful that it was purchased by eBay Inc. for US$2.6 billion (1.92 billion).

Joost is majority-owned by founders Janus Friis and Niklas Zennstrom via their Luxembourg-based Joost Operations SA.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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