Cisco’s Chief Development Officer and EVP Charles Giancarlo has resigned “to pursue new professional opportunities.”
Giancarlo was positioned as John Chambers’ heir apparent.
Earlier this month, Giancarlo helped Cisco reorganize its development organization, which resulted in the establishment of the Development Council.
The Development Council, which comprises seven technology leaders, will collectively drive Cisco’s development efforts and initiatives in technology development, which are key to Cisco’s growth strategy.
The Development Council will report directly to Chairman and CEO John Chambers and will be responsible for the overall engineering, product and technology strategy for the company. “Charlie (Giancarlo) has been a close colleague and a good friend during the 14 years he has been at Cisco, and he has made many significant contributions to the company during that time,” Chambers said.
“He has built a seasoned management team that has the strength and skills to execute against our technology vision in order to capture growth opportunities and market share. Cisco is very proud to have had Charlie as one of its leaders, and he will always be considered part of Cisco’s extended family.”