Former Chairman of the Board for Veritas, Krause has served as President of LWK Ventures, a private advisory and investment firm, since 1991. In addition, Krause serves as a Senior Advisor to The Carlyle Group and as a Board Partner for Andreessen Horowitz. Previously, Krause served as President and Chief Executive Officer of 3Com Corporation, a global data networking company, from 1981 to 1990 and as its Chairman from 1987 to 1993 when he retired. In addition, Krause was employed at Hewlett-Packard Company for 14 years from 1967 to 1981 with his last assignment as general manager of the personal computer division.
Krause currently serves on the boards of directors of the following companies: CommScope Holding Company, Inc., a publicly held networking infrastructure company; Forward Networks, Inc., a privately held networking software company; and SmartCar, Inc., a privately held provider of APIs for connected automobiles. Krause previously served as a director for the following public companies: Brocade Communications Systems, Inc., Coherent Inc., Core-Mark Holding Company, Inc., Packeteer, Inc., Sybase, Inc. and TriZetto Group, Inc. Krause holds a B.S. degree in electrical engineering and received an honorary Doctorate of Science from The Citadel.