SAN JOSE, Calif. -- Cisco (NASDAQ: CSCO)today announced that Frank A. Calderoni has been appointed executivevice president and chief financial officer, effective Feb. 15, 2008.Calderoni will succeed Dennis Powell, 60, who will retire afterserving over 11 years with Cisco. Calderoni, 50, will report to CiscoChairman and Chief Executive Officer, John Chambers.

"Dennis Powell has been a true partner, a great friend and aworld-class financial leader whose time at Cisco serves as an exampleof financial transparency and operational excellence," said Chambers."Frank was a natural choice as Dennis' successor after serving assenior vice president of Customer Solutions Finance at Cisco and asChief Financial Officer at two public companies. His provenleadership ability, combined with extensive management and financialexperience, will be instrumental as we drive toward Cisco'slong-term, global strategic initiatives."

"I'm honored to expand my position on Cisco's executive team as chieffinancial officer for a world-class organization," said Calderoni."As CFO, I will continue Cisco's commitment to maximizing value forour shareholders with the unparalleled financial integrity Cisco isknown for."

Cisco Systems Inc. (Nasdaq: CSCO)