Cisco has reshuffled its executive ranks as CTO Padmasree Warrior will focus more on strategy and seeing around corners and Ned Hooper, chief strategy officer, will depart to run an investment firm.
John Chambers, Cisco CEO, outlined the following in a blog post:
- Hooper will leave to form "an independent investment partnership company." He'll invest in various companies. Chambers said that he'll look "forward to partnering with him." Translation: Hooper will find M&A prospects for Cisco. Hooper drove Cisco's acquisition strategy and investment portfolio.
- Warrior gets Hooper's team and will "define strategy, investments, acquisitions and the evolution of Cisco’s technology partner ecosystem."
- Pankaj Patel takes over Cisco's engineering unit. Patel grew Cisco's service provider business. He had been co-leader of the engineering team.