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Skype Names Former Cisco Exec As New CEO

Skype has hired a former Cisco top executive as its new chief executive officer.

On Monday, VoIP services provider Skype named Tony Bates, a former senior vice president and general manager for enterprise, commercial and small business department at Cisco Systems, as its new CEO, news agency the AFP reports.

Bates, who is expected to join the Luxembourg-based company later this month, will replace the current CEO Josh Silverman, the name behind revolutionising the Internet phone service globally, who joined the company in 2008.

“Skype is not only a powerful global brand but also a global leader in Internet communications. There are extraordinary opportunities ahead for Skype and I am eager to lead the company through this exciting juncture in its continuing transformation," said Bates.

The news has added to the silent competition between Skype and networking giant Cisco, which will soon release a family version of its telepresence video conferencing service to compete with Skype.