Gary Moore, President and COO:
"Today's announcement advances the accountability and operational discipline we reinvigorated 18 months ago. This model will give clear responsibility and accountability for driving faster, more customer-focused innovation and the operational excellence and talent needed to enable it. Together, this will drive us to become the #1 IT and communications company for our customers and partners."
Rob Lloyd, President, Development and Sales
"I'm excited about the opportunities ahead of us and look forward to continue bringing the most innovative technology and architecture solutions to market to solve our customers' pressing business problems. I believe Cisco has the top development and sales team in our industry, and I'm honored to be part of this team. Cisco has never been more relevant to our customers and this will drive great value between sales and development."
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including: the evolution of Cisco's organizational structure and executive leadership team to position the company for future growth and enable it to more quickly capture market transitions and deliver innovative solutions to its customers; cloud computing, mobility and Internet of everything transitions presenting Cisco with an opportunity to lead the communications and IT industry for the next decade; Cisco's model driving it to become the #1 IT and communications company for its customers and partners; Cisco continuing to bring the most innovative technology and architecture solutions to market; and Cisco's relevance to customers driving great value between sales and development. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services; the return on our investments in certain priorities, including our foundational priorities, and in certain geographical locations; increased competition in our product and service markets, including the data center; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; and other factors listed in Cisco's most recent report on Form 10-K. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
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