Cisco's No. 2 Executive Jumps Ship |
| TheStreet.com - Dec 21, 2007 |
Another executive calls it quits at Cisco.
The networking gearmaker says its No. 2 executive, chief development officer Charlie Giancarlo, has resigned to pursue "new professional opportunities."
Giancarlo will take a position at private equity shop Silver Lake. This is the same buyout firm that Motorola's former CEO Ed Zander came from after leaving the No.2 spot at Sun Microsystems.
Cisco characterized the latest shake-up as an evolution in management styles. CEO John Chambers will now oversee a newly formed so-called development council. Perhaps inspired by Star Wars' Jedi council, the company has chosen seven technology leaders to "collectively drive Cisco's development efforts and initiatives in technology development that are key to Cisco's growth strategy," according to a press release.
Read Full Article from TheStreet.com
- Posted: 2007-12-21 10:28:12
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