Cisco has appointed Charles Giancarlo as its new Chief Development Officer. While he also remains president for Linksys, Cisco's brand for consumers and small businesses, Giancarlo has resigned as Chief Technology Officer.
The change becomes effective by the end of this month.
The move is considered a step up for Giancarlo, but apparently shouldn't be seen as the prelude to him becoming the next CEO. Cisco's current chief executive John Chambers has recently told the board that he'll stay on for at least another 3 to 5 years.
It will however force the technology savvy
Giancarlo to prove himself in yet another role inside the company. And if
Chambers happens to run for president three years from now (just kidding –
Chambers' charisma has often sparked speculation about his chances in politics), he should be ready to step up.
Charles Giancarlo last month at Networkers 2005 in Las Vegas.
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And becomes the team's executive chairman to boot