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Cisco replaces operations EVP; begins layoffs

Thu, 02/26/2009 - 7:45am
Brian Santo

Cisco said Robert Lloyd will become executive vice president of worldwide operations, succeeding Richard Justice.

Lloyd 
Robert Lloyd

Separately, Cisco handed out pink slips to the first 250 of about 2,000 employees it plans to layoff. The company had previously announced wage freezes and a near-moratorium on business travel as part of a plan to cut about $1 billion in operating expenses this year (story here).

The appointment of Lloyd became necessary when Justice decided to give up day-to-day responsibilities as he contends with prostate cancer. Justice will remain with the company in an advisory role.

“Over his 12-year tenure at Cisco, Rick Justice has made a tremendous impact on the business, contributing substantially to the company's growth and success, while serving as a trusted advisor, role model and exceptional leader,” Chambers said. “Rick has been incredibly courageous throughout his now five-year battle with prostate cancer. After two attempts at cures, the cancer has unfortunately returned once again. I fully support Rick's decision to now put his health unequivocally first, and look forward to his continued role as a part-time advisor to the business.”

Lloyd is currently senior vice president of U.S., Canada and Japan operations. When he assumes the executive vice president position in late April, he will become responsible for oversight of Cisco's Worldwide Sales, Worldwide Channels, Internet Business Solutions Group and Strategic Alliances organizations.

He also co-chairs Cisco's Enterprise Business Council, which leads the development and execution of Cisco's business strategies for the Enterprise market.

Corporate Development, which had been grouped with those other businesses while Justice was EVP, will report directly to Chambers. SVP Ned Hooper will continue to lead corporate development.

More Broadband Direct 02/26/09:
•  Newsday write-down hampers Cablevision's Q4 results
•  Cisco replaces operations EVP; begins layoffs
•  JDSU expands test suite for 10 Gbps networks
•  Imake integrates with NDS
•  MTS Allstream picks 2Wire gateways
•  Mobui launches TV chat room app
•  Business Ethernet ports grow 43% in '08
•  Nacchio conviction reinstated; appeal expected
•  Yahoo CFO leaving as new CEO shakes up management
•  Apple director: No change in Jobs' plans
 Broadband Briefs for 02/26/09

 

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