& cplSiteName &

2 Execs Become Cisco Presidents

Craig Matsumoto
10/4/2012
50%
50%

As most Americans prepare to pick one man for their president, Cisco Systems Inc. (Nasdaq: CSCO) has gone and picked two.

Rob Lloyd and Gary Moore both got promoted Thursday, adding "president" to their titles.

Lloyd, who's been head of Cisco's sales force, is now president of development and sales. Executives reporting to him include Chuck Robbins, who's taking Lloyd's old job; Pankaj Patekl, who remains chief development officer; and Wim Elfrink, who remains chief globalization officer.

Moore remains chief operating officer as well as president. He's been in charge of the restructuring Cisco initiated in 2011.

Why this matters
Cisco's chain of succession is suddenly a big topic, with CEO John Chambers having indicated he's starting to think about retirement.

Chambers recently explained he has a list of 10 possible successors that gets reviewed quarterly by the board of directors. Lloyd and Moore, already at or near the top of that list, would seem to be his top two internal choices.

Both are part of Chambers's inner circle. It's not a surprise that they'd be promoted -- Chambers did tell Bloomberg in September he expects to spread responsibilities around at Cisco. But their new positions open the question of whether the board would look for a CEO to essentially continue Chambers's philosophies.

For more



— Craig Matsumoto, Managing Editor, Light Reading

(7)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:19:47 PM
re: 2 Execs Become Cisco Presidents


The 1961 Chicago Cubs had four different managers (actually, they were called Head Coaches) on the coaching staff (called the "College of Coaches") who were swapped in and out during the season. The Cubs ended up losing 90 games that year, but then again that's a lot better than they did this season. But even the Cubs had only one guy in charge at any given time.

Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:19:45 PM
re: 2 Execs Become Cisco Presidents


I'm sure Cisco appreciates the comparison to the Cubs. :)  Hey, at least it implies they're lovable...


... well, theoretically.  Why Everyone Hates the Chicago Cubs

shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:19:44 PM
re: 2 Execs Become Cisco Presidents


The only business sector I know of that makes a habit of appointing multiple presidents is the movie industry. Not exactly the most stable and predictable of models.

ethertype
50%
50%
ethertype,
User Rank: Light Sabre
12/5/2012 | 5:19:42 PM
re: 2 Execs Become Cisco Presidents


Banks are just as good as studios at title inflation. Also not a great model to follow.


This is what happens when you promote too many people to SVP, so you have to promote some SVPs to EVP and wind up with too many EVPs.

shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:19:40 PM
re: 2 Execs Become Cisco Presidents


xVP inflation is common. Co-presidencies are rare. If the co-presidents aren't of one mind, then confusion can easily take hold. And if they are of one mind, why have two of them?

ethertype
50%
50%
ethertype,
User Rank: Light Sabre
12/5/2012 | 5:19:40 PM
re: 2 Execs Become Cisco Presidents
It's not a "co-presidency". They're just super-extra-special VPs with a misleading title.
shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:19:39 PM
re: 2 Execs Become Cisco Presidents


If you don't call a duck a duck, it could end up thinking it's a chicken. The tell will be how long (or short) a leash the new presidents are on.

From The Founder
Kicking off BCE 2017, Light Reading founder Steve Saunders lays blame for NFV's slow ramp-up and urges telecom to return to old-fashioned standards building and interoperability.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
CenturyLink: Let's Get Past SD-WAN Hype

6|23|17   |   04:02   |   (0) comments


Technology becomes a "shiny object" unless it's properly focused on solving business needs for enterprise customers, says Bill Grubbs, network solutions architect for CenturyLink. He explains to Light Reading why SD-WAN deployments have to be tailored to specific needs – and more.
Women in Comms Introduction Videos
Infinera's Sales Director Paints Tech's Big Picture

6|21|17   |   4:14   |   (1) comment


Shannon Williams, Infinera's director of sales, shares how she achieves work's many balancing acts -- between her role and the broader company, today and tomorrow's tech and more.
LRTV Custom TV
SD-WAN Innovation & Trends

6|20|17   |     |   (0) comments


Versa CEO Kelly Ahuja discusses with Carol Wilson the current status and trends in the SD-WAN market, Versa's innovation around building a software platform with broad contextualization, and the advantages that startups can bring to the SD-WAN market.
LRTV Interviews
Ovum's Dario Talmesio on 5G in Europe

6|20|17   |   02:16   |   (0) comments


At 5G World 2017, Dario Talmesio, principal analyst and practice leader on Ovum's fixed and mobile telecoms European team, explains the emerging trends amongst European operators as they prepare for 5G.
LRTV Custom TV
Putting Power on a Pedestal

6|19|17   |     |   (0) comments


ARRIS's John Ulm says a major accomplishment of SCTE•ISBE's Energy 2020 program is increased focus on power cost and consumption, including inclusion of energy requirements in operators' RFPs and RFIs.
LRTV Custom TV
Gigabit Access: The Last-Mile Pipe for All Future Services

6|19|17   |     |   (0) comments


A Gigabit access platform being deployed today must be able to deliver all types of services to an increasing number of devices. A non-blocking architecture is necessary to support the ever-increasing growth in bandwidth demand. The Huawei Gigabit access solution is based on a distributed design that is fully scalable to deliver a unprecedented performance.
LRTV Custom TV
Key Factors to Successfully Deploy an SD-WAN Service

6|19|17   |     |   (0) comments


As service providers transition their SD-WAN solution from trials and limited deployments into production at large scale, there are important considerations to successfully operationalize these solutions and realize their full potential, without adding complexity, introducing uncertainty or disrupting current business operations. Sunil Khandekar, CEO and Founder ...
LRTV Custom TV
IoT Solutions: Rational Exuberance

6|19|17   |     |   (0) comments


IoT solutions are morphing from hype into viable business opportunities. Huawei has the platform and ecosystem support to help carriers successfully address new business opportunities in the IoT space.
LRTV Custom TV
Realizing ICN as a Network Slice for Mobile Data Distribution

6|19|17   |     |   (1) comment


Network slicing in 5G allows the potential introduction of new network architectures such as Information-centric Networks (ICN) as a slice, managed over a shared pool of compute, storage and bandwidth resource. Services over an ICN slice can benefit from many architectural features such as Name Based Networking, Security, Multicasting, Multi-homing, Mobility, ...
LRTV Interviews
Ovum's Mike Roberts on 5G Uptake

6|19|17   |   04:08   |   (0) comments


Mike Roberts, research director for Ovum's service provider markets group, explains why he has boosted his 5G subscriptions forecast.
LRTV Interviews
AT&T's Hubbard on Intersection of SD-WAN & MPLS

6|15|17   |     |   (0) comments


Rick Hubbard, SVP of Network Product Management for AT&T Business Solutions, discusses how AT&T's approach to SD-WAN fits in with its overall virtualization strategy, explains how SD-WAN can improve enterprise customers' use of the cloud and addresses the intersection of SD-WAN and MPLS.
Telecom Innovators Video Showcase
Keep Connected IoT Devices Under Control With Allot

6|15|17   |     |   (0) comments


Allot AVP of International Pre-Sales, Daniel Keidar, explains how communications service providers can protect infrastructure and service availability from flooding attacks caused by malfunctioning or bot-infected devices connected to their network.
Upcoming Live Events
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Montcalm Marble Arch
November 1, 2017, The Montcalm Marble Arch
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Netflix's Lesson in Culture Expectation Settings
Sarah Thomas, Director, Women in Comms, 6/21/2017
Kalanick Steps Down as Uber CEO
Sarah Thomas, Director, Women in Comms, 6/21/2017
BT Tech Chief Makes Plea to 5G Chip Vendors
Ray Le Maistre, International Group Editor, 6/20/2017
No Imagination: UK Chip Biz Goes Up for Sale
Iain Morris, News Editor, 6/22/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.