Cisco Clears Up Leadership Plans With Two Exec Promotions
Cisco addressed questions about its succession plans for CEO John Chambers by promoting two longtime executives.
Cisco COO Gary Moore is now president and COO, accountable for operations and alignment of company resources to support long-term strategies. Rob Lloyd, Cisco's executive vice president of worldwide operations, is now president of development and sales.
Meanwhile, Cisco acquired vCider, a virtual networking vendor, as part of its push into software-defined networking.