Cisco Names Worldwide EVP
SAN JOSE, Calif. -- Cisco (NasdaqGS:CSCO - News), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today announced that Robert Lloyd, 52, has been named Executive Vice President (EVP) of Worldwide Operations, effective April 26, 2009. As the direct result of a long-range succession strategy, Lloyd succeeds Richard Justice, 59, who is stepping down from his day-to-day responsibilities due to an on-going battle with prostate cancer. Justice will remain at Cisco as a part-time executive advisor to Chairman and CEO John Chambers.
"Over his twelve-year tenure at Cisco, Rick Justice has made a tremendous impact on the business, contributing substantially to the company's growth and success, while serving as a trusted advisor, role model and exceptional leader," said Chambers. "Rick has been incredibly courageous throughout his now five-year battle with prostate cancer. After two attempts at cures, the cancer has unfortunately returned once again. I fully support Rick's decision to now put his health unequivocally first, and look forward to his continued role as a part-time advisor to the business."
Chambers continued, "Core to Rick's legacy within Cisco is his role in the development of a strong bench of seasoned leaders. Rick and I have known that Rob has been ready to run the worldwide operations organization for some time, having successfully run the two largest geographies at Cisco. Rob is an ideal successor for this role, with an exceptional track record of leading change and increasing productivity while driving innovation and growth, both in the United States and internationally."
In his new role, Lloyd will report directly to Chairman and CEO John Chambers, and will be responsible for oversight of Cisco's Worldwide Sales, Worldwide Channels, Internet Business Solutions Group and Strategic Alliances organizations. Corporate Development, also previously within Justice's organization, will now report directly to Chambers under the continued leadership of Senior Vice President (SVP) Ned Hooper.
Cisco Systems Inc. (Nasdaq: CSCO)