Cisco Announces Executive Transition for Worldwide Operations

SAN JOSE, Calif. - February 26, 2009 - Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today announced that Robert Lloyd, 52, has been named Executive Vice President (EVP) of Worldwide Operations, effective April 26, 2009. As the direct result of a long-range succession strategy, Lloyd succeeds Richard Justice, 59, who is stepping down from his day-to-day responsibilities due to an on-going battle with prostate cancer. Justice will remain at Cisco as a part-time executive advisor to Chairman and CEO John Chambers.

“Over his twelve-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,” said Chambers. “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.”

Chambers continued, “Core to Rick’s legacy within Cisco is his role in the development of a strong bench of seasoned leaders. Rick and I have known that Rob has been ready to run the worldwide operations organization for some time, having successfully run the two largest geographies at Cisco. Rob is an ideal successor for this role, with an exceptional track record of leading change and increasing productivity while driving innovation and growth, both in the United States and internationally.”

In his new role, Lloyd will report directly to Chairman and CEO John Chambers, and will be responsible for oversight of Cisco’s Worldwide Sales, Worldwide Channels, Internet Business Solutions Group and Strategic Alliances organizations. Corporate Development, also previously within Justice’s organization, will now report directly to Chambers under the continued leadership of Senior Vice President (SVP) Ned Hooper.

With over 14 years of leadership experience in Cisco’s largest geographies, Lloyd has managed the majority of Cisco’s worldwide business. He is currently SVP of U.S., Canada and Japan Operations. Under Lloyd’s leadership, total revenue in the U.S. and Canada region has grown from $12.5 billion to $22 billion within three years. He also co-chairs Cisco’s Enterprise Business Council, which leads the development and execution of Cisco’s business strategies for the Enterprise market. Previously, Lloyd served as President of Cisco’s Europe, Middle East and Africa (EMEA) region for nearly four years, where he helped transform the region into a more customer-focused structure aligned to key verticals and geographies, enabling the company to effectively meet the needs of emerging markets and high-growth industry segments. Under his leadership, the EMEA business grew from 28 to 32 percent of Cisco’s worldwide revenues.

Prior to Cisco, Lloyd was Vice President of Corporate Sales for a leading Canadian Systems Integrator. In 1982, he founded a business focusing on the IT needs of major corporations, government and education, growing it to over 400 employees during his nine-year tenure.