Cisco (Nasdaq: CSCO) on Monday announced that Paul Mountford, the vendor's senior VP of global enterprise sales, has stepped down from his post.
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Paul Mountford's (left) duties will be taken over by Nick Adamo (right). |
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Mountford's departure comes at a time when Cisco CEO John Chambers is retooling the company to reduce costs and increase market share. Over the past year, Chambers has let go a total of 7,800 employees during two rounds of layoffs: 6,500 last year and another 1,300 this July.
Ross Camp, a Cisco spokesman, told Business Week that Mountford, who had been with Cisco for 16 years, made a "personal decision to return to the U.K. to be with his family." Before taking the wheel of Cisco's enterprise business in 2011, Mountford ran the vendor's emerging markets strategy.
Nick Adamo, Cisco's Senior VP, Service Provider Sales and Global Service Provider Market Segment, will assume Mountford's duties, meaning that enterprise and service provider operations will be overseen by one executive.
Mountford is just one of many key Cisco executives to leave the company during Chambers' ongoing restructuring drive. Ned Hooper, Cisco's Chief Strategy Officer and an executive many believed could be an heir to the Cisco throne, left the company in June. Current CTO Padmasree Warrior assumed the CSO duties.
For more:
- Business Week has this article
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