Cisco Executive, CEO Heir-Apparent Charles Giancarlo Resigns
An AP newswire article, via SFGate.com, reports that:
Charles Giancarlo, Cisco Systems Inc.'s chief development officer and heir-apparent to CEO John Chambers, resigned Thursday to join the investment firm Silver Lake Partners.More here.
In a conference call, Chambers called Giancarlo's departure a rare loss "where it wasn't the right time to lose him."
Giancarlo, 50, joined the network equipment maker 14 years ago when it bought Ethernet switch maker Kalpana. He started Cisco's business development organization and formed its successful acquisition strategy, the company said.
posted by Fergie @ 12/20/2007 02:11:00 PM
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