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Cisco's New CFO

Phil Harvey

11:20 AM -- Frank A. Calderoni has been appointed executive vice president and chief financial officer of Cisco Systems Inc. (Nasdaq: CSCO), effective Feb. 15. He's 10 years younger than the man he's replacing, Dennis Powell, who will retire after 11 years of Cisco service.

Calderoni was previously the SVP of Customer Solutions Finance at Cisco. That's the group that makes sure Cisco's customers can pay their bills, even if it means acting as a bank and loaning them the bread.

Calderoni joined Cisco in 2004. He was a 21-year IBM veteran before taking a CFO job at SanDisk, which he held from 2000 to 2002. From 2002 to 2004, Calderoni was the CFO of QLogic.

Cisco's own interview with Calderoni isn't very revealing, but we usually don't learn much about big company CFOs until they either (a) retire or (b) go to trial for some scandal.

By contrast, Cisco's official blog tells us much more about Juniper CEO Scott Kriens. Namely, he doesn't think his customers are very important. Or, at least that's the angle they're spinning.

— Phil Harvey, Editor, Light Reading

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