Alongside earnings right this moment, we introduced some modifications to Cisco’s Government Management group. First, Scott Herren has determined to retire on the finish of FY25 after practically 5 impactful years with the corporate. With this, I’m excited to share that Mark Patterson, our present Government Vice President and Chief Technique Officer, will step into the position as Cisco’s Chief Monetary Officer, on day one in all fiscal yr 2026. I’m additionally pleased to share that Jeetu Patel, our present Government Vice President and Chief Product Officer, is being promoted to President and Chief Product Officer, efficient instantly.
CFO Transition: Mark Patterson to change into CFO after Scott Herren’s retirement
After becoming a member of Cisco in December of 2020, Scott helped us navigate so many exterior dynamics as we efficiently transitioned our enterprise in the direction of extra software program and recurring income to drive better predictability in addition to buyer and shareholder worth. His unwavering dedication to strengthening our enterprise, making it extra resilient, and positioning it for progress has been instrumental in Cisco’s success.
Mark has been at Cisco for practically 25 years, holding management positions throughout finance, technique, and operations. He additionally spent greater than a decade in gross sales, working in roles that spanned each buyer phase and geography. Most not too long ago, main our Company Technique, Improvement, and Incubation Group, Mark’s focus has been on connecting our longer-term technique and investments with our rapid and pressing progress alternatives. The breadth of his expertise, alongside along with his deep information of Cisco and our clients, companions, and investor neighborhood, uniquely place him to assist speed up Cisco’s progress on this new position.
Over the course of the following few months, Scott and Mark will work carefully to make sure a easy transition, after which Scott will transfer into an advisory position by means of April 2026. We can even start a right away inside search to establish a brand new chief for the Company Technique, Improvement, and Incubation Group, which Mark now leads.
Promotion of Jeetu Patel to President and Chief Product Officer
Underneath Jeetu’s management over the previous 9 months, we’ve unified our product imaginative and prescient and technique, pushed better product integration, and accelerated innovation to market. Jeetu’s robust imaginative and prescient for the ability of our portfolio offers me nice confidence in our means to guide in AI by means of distinctive merchandise and person experiences.
These modifications mark an thrilling subsequent chapter for our firm as we proceed to speed up Cisco’s progress and ship unmatched worth for our clients and companions within the AI period. With our robust management, modern know-how, and wonderful groups, I’m extremely optimistic concerning the future we’re constructing collectively.
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