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Juniper Networks Fills CFO Post

The network-equipment maker found its new finance chief from the executive ranks at Sun Microsystems.
Kate PlourdAugust 15, 2007

Juniper Networks has named Robyn Denholm as its new finance chief, five months after her predecessor left. She fills the spot left vacant by former CFO and executive vice president Robert Dykes, who stepped down in March when the company caught up with its financial filings and took a $900 million charge related to erroneously dated option grants.

Denholm, 43, joins the network equipment maker following more than 10 years at Sun Microsystems, where she was most recently senior vice president of corporate strategic planning. She will oversee Juniper’s finance and accounting work, and lead the company’s legal, investor relations, and global facilities organization.

Last year, Juniper announced it would take one of the largest charges by any of the companies caught up in the backdating controversy after it conducted a seven-month independent investigation. The audit committee at the time reported “serious concerns” about some of its former managers.

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Three months later, Juniper filed its 2006 annual report and delayed quarterly reports for 2006. Within days, Dykes and the executive vice president of the company’s Service Layer Technology group resigned. Juniper has not implicated the former managers in any wrongdoing.