New Blood Pumps Juniper

Juniper (JNPR Quote) shook up senior management Tuesday and brought in a hard charger from rival Cisco (CSCO Quote).

Three business executives, including the company's worldwide sales chief, Jim Dolce, infrastructure head Carol Mills and applications leader Jef Graham, have stepped down. Four managers have been promoted to replace them, says Juniper.

While the moves were seen by analysts as an expected transition, the hiring of nine-year Cisco veteran Paulette Altmaier to head Juniper's Applications Products Group was particularly notable, given that this division is a key part of the company's network security business. ...