Cisco's incoming CEO Robbins gives co-presidents Lloyd and Moore the boot

Two Cisco presidents will depart as part of an organizational restructuring instituted by incoming CEO Chuck Robbins.

In a blog item posted on Cisco's Web site, Robbins said that co-presidents Rob Lloyd and Gary Moore will leave when he takes over as CEO, replacing the longtime face of Cisco, John Chambers who will become executive chairman. Additionally, Padmasree Warrior, Cisco's CTO and CSO (chief strategy officer) will be leaving in July, technology blog Re/code said.

Robbins wrote that the change was needed because "our organizational structure must always evolve as the market changes" and that Cisco will be adopting a "flatter leadership team designed for the speed innovation and execution that is required of us over the next decade."

Left unacknowledged was the fact that Lloyd was considered a front runner to succeed Chambers, MarketWatch said.

Robbins was effusive in his praise of both departing presidents.

"Rob's amazing ability to understand the market opportunities ahead, dig into the technical details, and show unwavering commitment to customers and our partners is exceptional," Robbins wrote of the Cisco veteran. "During Rob's 21 years at Cisco, he consistently demonstrated an incredible capability to see and lead us all to the next market opportunities."

Moore, who joined Cisco in 2001, "took on the role of COO at a critical time for Cisco and focused on a number of strategic initiatives, including profitability, time to market, innovation, and the customer, partner and employee experience," Robbins wrote.

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