Cisco names two presidents

Cisco Corp. (NASDAQ: CSCO) has promoted not one but two executives to the position of president. Gary B. Moore will become president and chief operating officer. Rob Lloyd will be president, development and sales.

The company says the changes in the organizational structure are designed to position it for future growth and enable it to capture market transitions more quickly. Based upon the principles of customer-centricity and operational excellence, Cisco says it is evolving its organization structure and leadership team for speed, agility, alignment, and growth.

As president and chief operating officer, Moore becomes accountable for Cisco's end-to-end operations, and will continue to lead the operational discipline and prioritization required to support the company's long-term strategy. Moore has architected Cisco's transformation, and is charged with deepening the company's focus on operational excellence while building the business capabilities and talent to enable Cisco's future growth.

Moore is also responsible for Cisco's operations, services, IT, supply chain, marketing and communications, human resources, corporate affairs, transformation office, legal, government affairs, and corporate planning functions.

Lloyd assumes responsibility for Cisco's development and sales efforts, as the company creates tighter connections between customer requirements and innovation, along with ensuring greater speed to market. Lloyd's organization will be tasked with accelerating Cisco's technology innovation to enable a faster response to market transitions, increased customer relevance, and growth.

Pankaj Patel, executive vice president and chief development officer, will continue to lead Cisco's development organization. Chuck Robbins, who previously ran the Americas sales region, will immediately assume Lloyd's prior role as the head of worldwide sales. Wim Elfrink, executive vice president and chief globalization officer, will continue his focus on emerging solutions and the development of new markets, and will integrate his organization into the development and sales organization. Patel, Elfrink, and Robbins will report to Lloyd.

The remainder of Cisco's executive leadership team remains unchanged.

John Chambers, chairman and CEO, said, "Cloud computing, mobility and Internet of everything are the most network-centric computing transitions that have ever been, and present Cisco with an opportunity to lead the communications and IT industry for the next decade. Today we're evolving our organization and developing our leadership team to grasp this opportunity. We're optimizing the alignment across development and sales, and on the top priorities of our customers, to maximize speed to market and our competitive advantage. At the same time, we are focusing on operational lence across the company, which creates capacity for innovation, investment, and growth."

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