Blue Coat Nabs Former IBM Channel Exec for Top Post

Blue Coat Systems Inc., a provider of network management technology, said it has appointed Martin Borman its president and chief executive, taking the role vacated by Brian NeSmith, who the company named its chief product officer, effective September 1, 2010.

Borman, who most recently served in a similar capacity at Avocent Corp., a maker of switching systems, will also be named to Blue Coat's board of directors, officials said.

NeSmith, who held Blue Coat's top executive position since 1999 when he took the company public, will be tasked with product strategy, direction and development, and will report to Borman. He will retain his seat on the company's board. Read more...