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Cisco Evolves Senior Technology Leadership Team
Chief Development Officer Charles Giancarlo to Retire From Cisco; Newly Appointed Development Council to Drive Engineering and Development Strategy
| Source: Cisco
SAN JOSE, CA--(Marketwire - December 20, 2007) - Cisco® (NASDAQ : CSCO ), the worldwide leader
in networking that transforms how people connect, communicate and
collaborate, today announced the resignation of executive vice president,
Chief Development Officer Charles Giancarlo, 50, who has decided to pursue
new professional opportunities.
Earlier this month, under Giancarlo's leadership, Cisco reorganized its
Development Organization and established the Development Council, chartered
with driving Cisco's effectiveness and ability to deliver more focused and
integrated products and solutions to its customers. The Development
Council, comprised of seven key technology leaders, will collectively drive
Cisco's development efforts and initiatives in technology development that
are key to Cisco's growth strategy. The Development Council will report
directly to Chairman and CEO John Chambers and will be responsible for the
overall engineering, product and technology strategy for the company and
executing against Cisco's technology goals and priorities.
"Charlie has been a close colleague and a good friend during the 14 years
he has been at Cisco, and he has made many significant contributions to the
company during that time," said John Chambers. "He has built a seasoned
management team that has the strength and skills to execute against our
technology vision in order to capture growth opportunities and market
share. Cisco is very proud to have had Charlie as one of its leaders, and
he will always be considered part of Cisco's extended family."
Chambers continued, "Cisco's prioritization on collaboration and developing
new business models is driving the company's organization, cultural, global
and business approach. As we build Cisco into a next-generation company,
we will transition from a company that is driven from command and control
to one that is built on teamwork and collaboration. The Development
Council is one example of how this new structure will drive collaboration
to effectively address market opportunities, drive efficiency and quality,
and foster innovation."
During Giancarlo's tenure at Cisco, he has been responsible for a number of
key accomplishments. After joining Cisco through the acquisition of
Kalpana, a pioneer in ethernet switching, Giancarlo started Cisco's
business development organization and developed Cisco's successful M&A
strategy. He initiated and then led Cisco's Small and Medium business
activities including contributing to the development of Cisco's channel
strategy. Giancarlo also initiated and led a large number of Cisco's
advanced and emerging technologies including Unified Communications, home
networking, wireless networking, security, video, and TelePresence among
many others.
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