Giancarlo Leaves Cisco

SAN JOSE, Calif. -- Cisco (NasdaqGS:CSCO - News), 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."

Cisco Systems Inc.