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Here Are Cisco’s Top 5 Highest-Paid Executives

Cisco Systems paid hefty cash bonuses to attract top executive talent as it intensifies its focus on software and recurring revenue sales strategies.

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Bonus Round
Cisco Systems Chairman and CEO Chuck Robbins' impact on the company's direction and culture is unmistakable, and the importance he places on the networking giant's software evolution is clear in a recent U.S. Securities and Exchange Commission filing detailing the compensation of top Cisco executives.

Two of Robbins' high-profile new hires—including one in a reimagined position—have joined the roster of Cisco's highest-paid executives, according to the company's annual proxy statement filed with the SEC Wednesday.

Global sales chief Gerri Elliott and Executive Vice President and Chief Customer Experience Officer Maria Martinez arrived at Cisco this year with vast experience at software pioneers Microsoft and Salesforce.

Elliott and Martinez's importance to Robbins' mission to transform the legacy networking giant to a software- and subscription-focused firm is evident in the bonuses used to attract them to the company and the pay plans in place to keep them there.

Elliott and Martinez also represent Robbins' willingness to recruit executives from outside Cisco, a significant departure from the hire-from-within strategy adhered to by his predecessor John Chambers.

Robbins’ strategy seems to be bearing fruit. Cisco in August reported record fourth-quarter revenue, and Wednesday's SEC filing indicates that Cisco's board feels the company is on a roll, with significant boosts in salary and performance bonuses for both Robbins and CFO Kelly Kramer.

Here's a breakdown of the 2018 pay plans for Cisco's top five execs.

Editor’s note: Click here for Cisco’s top-paid execs in 2019.

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