Cisco Announces New, Expanded Roles for Key ExecutivesOctober 5, 2012
Gary B. Moore and Rob Lloyd Promoted to President; Company Sharpens Focus on Customer Centricity and Operational Excellence
SAN JOSE, CA–(Marketwire – October 5, 2012) – Cisco (NASDAQ: CSCO) today announced an evolution of its organizational structure and executive leadership team, which is designed to position the company for future growth and enable it to more quickly capture market transitions and deliver innovative solutions to its customers. Based upon the principles of customer-centricity and operational excellence, Cisco is evolving its organization structure and leadership team for speed, agility, alignment and growth with the following executive appointments:
Gary B. Moore, President and Chief Operating Officer
As President and Chief Operating Officer, Moore is accountable for Cisco’s end-to-end operations, and will continue to drive alignment across all parts of the company by leading the operational discipline and prioritization required to support the company’s long-term strategy. Moore has architected Cisco’s transformation, and will deepen the company’s focus on operational excellence while building the business capabilities and talent to enable Cisco’s future growth.
Moore is also responsible for Cisco’s operations, services, IT, supply chain, marketing and communications, human resources, corporate affairs, transformation office, legal, government affairs, and corporate planning functions.
Rob Lloyd, President, Development and Sales
Lloyd assumes responsibility for Cisco’s development and sales efforts, as the company creates tighter connections between customer requirements and innovation, along with ensuring greater speed-to-market. Lloyd’s organization will drive alignment and acceleration of Cisco’s technology innovation to enable a faster response to market transitions; increased customer relevance; and growth.
Pankaj Patel, executive vice president and chief development officer, will continue to lead Cisco’s development organization. Chuck Robbins, who previously ran the Americas sales region, will immediately assume Lloyd’s prior role as the head of worldwide sales. 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.
The remainder of Cisco’s executive leadership team remains unchanged.
John Chambers, Chairman and CEO:
“Cloud computing, mobility and Internet of everything are the most network-centric computing transitions that have ever been, and present Cisco with an opportunity to lead the communications and IT industry for the next decade. 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.”
Gary Moore, President and COO:
“Today’s announcement advances the accountability and operational discipline we reinvigorated 18 months ago. This model will give clear responsibility and accountability for driving faster, more customer-focused innovation and the operational excellence and talent needed to enable it. Together, this will drive us to become the #1 IT and communications company for our customers and partners.”
Rob Lloyd, President, Development and Sales
“I’m excited about the opportunities ahead of us and look forward to continue bringing the most innovative technology and architecture solutions to market to solve our customers’ pressing business problems. I believe Cisco has the top development and sales team in our industry, and I’m honored to be part of this team. Cisco has never been more relevant to our customers and this will drive great value between sales and development.”
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This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including: the evolution of Cisco’s 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; cloud computing, mobility and Internet of everything transitions presenting Cisco with an opportunity to lead the communications and IT industry for the next decade; Cisco’s model driving it to become the #1 IT and communications company for its customers and partners; Cisco continuing to bring the most innovative technology and architecture solutions to market; and Cisco’s relevance to customers driving great value between sales and development. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services; the return on our investments in certain priorities, including our foundational priorities, and in certain geographical locations; increased competition in our product and service markets, including the data center; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; and other factors listed in Cisco’s most recent report on Form 10-K. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
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