Cisco appoints two new presidents
New presidents announced, seen as potential successors to John Chambers
Cisco has appointed two new presidents, as part of changes to its organisational structure, and as what is regarded as a move to appoint a successor to chairman and CEO John Chambers.
Gary B. Moore and Rob Lloyd, who both previously held executive vice president roles, have been promoted to President, with different responsibilities.
Moore adds president to his role as chief operating officer, and will hold responsibility for company operations, while Lloyd will become president with responsibility for development and sales, to speed company time-to-market and response to changes in the market.
The company described the move an "evolution of its organizational structure and executive leadership team... to position the company for future growth and enable it to more quickly capture market transitions and deliver innovative solutions to its customers."
Chambers has indicated that he may retire within the next two to four years, having held the CEO role since 1995. Both Moore and Lloyd have been with Cisco for over a decade, and both are seen as leading candidates for the role.
John Chambers said in a company statement: "Today we're evolving our organization and developing our leadership team to grasp this opportunity. We're optimizing the alignment across development and sales, and on the top priorities of our customers, to maximize speed to market and our competitive advantage. At the same time, we are focusing on operational excellence across the company, which creates capacity for innovation, investment and growth."
The restructure will also see Chuck Robbins who previously ran the Americas sales region assume Lloyd's prior role as the head of worldwide sales, while Pankaj Patel, executive vice president and chief development officer, will continue to lead Cisco's development organization and Wim Elfrink, executive vice president and chief globalization officer, will continue his focus on emerging solutions and the development of new markets, and will integrate his organization into the development and sales organization. Patel, Elfrink and Robbins will report to Lloyd.