Thursday, February 08, 2007

Cisco's Top Router Executive, Mike Volpi, Resigns

A Reuters newswire article, via CNN/Money, reports that:

Cisco Systems Inc. said senior executive Mike Volpi resigned Thursday, a move that appears to clear the way for Chief Development Officer Charles Giancarlo eventually to head the network equipment maker.

Volpi, head of Cisco's top-selling routers group, told reporters he resigned for personal reasons, effective immediately.

Giancarlo remains in his post, but will oversee more senior executives as part of a management reshuffle that Cisco announced along with Volpi's departure.

Volpi, 40, had reported to Giancarlo, 49, but both were widely viewed by analysts as the top candidates to succeed Chairman and Chief Executive John Chambers. Both have worked at Cisco for 13 years.

More here.

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