Joost owners have found a more suitable CEO.

The new face of Joost will be 40-year-old Michelangelo Volpi, former vice president of Cisco. Until now, Frederic de Val was listed as director, and startup founders Friis and Zennström were taken from their other company Joltid (the company that owns the P2P technology license that underlies Skype and Joost)

Michelangelo Volpi is a fairly well-known and very expensive top manager of Italian origin, who grew up in Japanese culture. He headed the Cisco division, which is engaged in the production of equipment for telecom operators and network owners (the annual income of this division is about $ 11 billion). Thus, he has all the necessary connections in the area in which the daring startup Joost intends to make a revolution. If the founders of Joost succeed in repeating the success that they have achieved with their previous Skype startup, then the problems of upgrading equipment for telecom operators will become highly relevant.

via Vedomosti , NY Times