Cisco gives two executives "president" title
Cisco (Nasdaq: CSCO) on Thursday promoted two of its existing executives--Gary B. Moore and Rob Lloyd--to president, signifying yet another sign of the vendor's ongoing realignment of its organizational structure.
By taking the title of president and chief operating officer, Gary Moore, who Cisco says was one of the people behind the company's ongoing transformation, will oversee the company's operations and drive its long-term strategy.
In addition, Moore will oversee Cisco's services, IT, supply chain, marketing and communications, human resources, corporate affairs, transformation office, legal, government affairs and corporate planning functions.
As president of development and sales, Rob Lloyd will lead Cisco's efforts in those functions. Cisco has said it's trying to align its products with its customer's requirements and speed up its time to market.
Reporting to Lloyd will be three other executives: Pankaj Patel, Cisco's current executive vice president and chief development officer; Chuck Robbins, who will take on Lloyd's former role as the head of worldwide sales; and Wim Elfrink, executive vice president and chief globalization officer, who will continue his focus on emerging solutions and the development of new markets.
Cisco said the rest of its executive leadership team will remain intact.
These latest appointments come just after Cisco's CEO, John Chambers, indicated he would step down in a few years.
Late last month, Chambers told Bloomberg he might retire in the next two to four years, adding that Cisco's board of directors are reviewing about 10 possible candidates every quarter.
Some of the potential candidates being considered for Cisco's top post include Moore, Lloyd, Robbins and Edzard Overbeek, senior vice president of global services.
While Cisco realigned its management structure, a number of other key executives left the company, including Ned Hooper, a possible successor to Chambers who took on the chief strategy officer role in 2009 but exited the company in July to found his own investment venture. Chief Marketing Officer Susan Bostrom and Charles Carmel, the former vice president of corporate development at Cisco who helped drive over 30 of the vendor's acquisitions, including Scientific Atlanta, also left last year.
- see the release
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