Cisco Names Tech Chief

Shuffling its technology leadership team, Cisco (CSCO) named Charles Giancarlo chief technology officer.

The San Jose, Calif., router giant said Giancarlo will report to CEO John Chambers. The company said the moves "reflect Cisco's continued evolution to address customer needs, to capture new market opportunities, and to cultivate its current and next generation of leaders."

Cisco said Jayshree Ullal will lead the newly formed Security Technology Group, and Luca Cafiero will lead the newly formed Data Center, Storage, Switching and Wireless Technology Group.

Both will report to development chief Mario Mazzola. Also reporting to him will be Kathy Hill of the newly formed Mid-range and Stackable Switching Technology Group, and Kambiz Hooshmand of the Optical and Broadband Transport Technology Group.

"We are especially proud of our deep bench strength within the technology organization, and the team's commitment to customer success and innovation," Chambers said. "We also recognize the tremendous value Charlie will bring in contributing to and communicating more broadly Cisco's business and technology vision."

On Tuesday, Cisco fell 15 cents to $22.14.

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