We knew several weeks ago that Joost was getting a new CEO but held the info until we could confirm the identity … multiple sources have now confirmed that Mike Volpi, who left Cisco earlier this year, is the choice for CEO. Discussions are in final stages and an announcement could come early next week. No comment from Joost and no results yet from efforts to reach Volpi. Volpi — the Mike is short for Michelangelo — served on the board of Skype, also co-founded by Joost founder Janus Friis and Niklas Zennström.
Current CEO Fredrik de Wahl, who was CEO of Joltid (the Friis-Zennström company that licenses the p2p technology to Joost and Skype), has shepherded the project into beta launch, dealing with the various scaling issues and the programming growth. But the company recently closed a $45 million round and a change in leadership wouldn’t be unusual at this stage. Index Ventures lead the round with Sequoia; in this two-degrees world, Index Ventures also funded Skype and general partner Danny Rimer was on the Skype board with Volpi.
At Cisco since 1994, Volpi was considered a likely heir to CEO John Chambers but Chambers isn’t budging any time soon — leaving Volpi with little choice if he wanted to run a company. His last post there was as SVP-GM, Routing and Service Provider Technology Group. (Om had a insightful piece about his departure in February.) More as warranted.