Mobassaly confirmed in an email to Bloomberg Law that he’s been appointed senior vice president and general counsel at the Sunnyvale, Calif.-based company. Martin, who also held the post of corporate secretary, left “in order to pursue another career opportunity,” Juniper disclosed in a securities filing last month.
Mobassaly’s promotion comes after he spent the past decade at Juniper. The company has been in the news this year for a global microchip shortage that has snarled the technology sector’s supply chain, affecting makers of everything from cars to personal computers and smartphones.
Juniper and Martin, whose LinkedIn profile lists him in “transition,” didn’t respond to requests for comment about his departure.
Mobassaly joined Juniper in 2012 from Fenwick & West, where he spent less than a year in its Silicon Valley headquarters. Before that he had spent five years working for Wall Street law firms Simpson Thacher & Bartlett and Weil, Gotshal & Manges.
The company promoted Mobassaly in July 2016 to deputy general counsel, a role that saw him manage corporate governance and securities, insurance, mergers and acquisitions, and stockholder administration matters, according to his profile on Juniper’s executive leadership page.
Martin, Mobassaly’s predecessor, joined Juniper as general counsel in 2015 after he spent nearly a decade as legal chief for semiconductor maker KLA-Tencor Corp. The latter, now known as KLA, hired a new legal chief last year in MaryBeth Wilkinson.
Bloomberg data shows that Martin currently owns more than $1.4 million in Juniper stock, having sold off roughly $1.2 million more in company stock earlier this year.
Martin received more than $3 million in total compensation—about $641,000 in cash and $2.3 million in stock—from Juniper in 2020, per a company proxy statement. That was down slightly from the $3.2 million he was paid in the prior year.
Juniper last year promoted in-house lawyer and former Shook, Hardy & Bacon partner Bill Burtis to vice president and chief compliance officer. Burtis succeeded Michael Ward, a former deputy general counsel who left the company’s top risk and compliance role to join Vinson & Elkins.
Juniper also brought back former in-house lawyer Margaret Ghidella in March from Ripple Labs Inc., where she spent the past four years as director of commercial legal affairs, as an associate general counsel.
In July, Juniper promoted Dena Acevedo, a former Simpson Thacher associate it hired in 2018, to senior director and assistant corporate secretary, a position that sees her head corporate legal matters. J. Bradley Tallman, an attorney, has been Juniper’s senior vice president for supply chain operations since 2019.
The company’s online jobs board shows that Juniper is currently looking to hire for a half-dozen legal roles, including several corporate counsel positions.