Brocade extends retention deals with leadership team

• Brocade Communications (BRCD +1.9%) has extended change-of-control retention agreements with its executive team for another three years.
• The deals in particular cover CEO Lloyd Carney; Chief Technology Officer Ken Cheng; Chief Operating Officer Gale England; Chief Financial Officer Daniel Fairfax; and Senior VP of Worldwide Sales Jeffrey Lindholm.
• Those original deals were set to expire next month, but were extended until Nov. 2, 2019, likely the last day of fiscal 2019 for Brocade.