Cisco Appoints CFO

Dennis Powell to retire as CFO

February 12, 2008

1 Min Read

SAN JOSE, Calif. -- Cisco today announced that Frank A. Calderoni has been appointed executive vice president and chief financial officer, effective Feb. 15, 2008. Calderoni will succeed Dennis Powell, 60, who will retire after serving over 11 years with Cisco. Calderoni, 50, will report to Cisco Chairman and Chief Executive Officer, John Chambers.

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

Cisco Systems Inc. (Nasdaq: CSCO)

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