Alongside earnings right now, we introduced some modifications to Cisco’s Government Management crew. 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 considered one of fiscal yr 2026. I’m additionally completely satisfied 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 turn 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 section and geography. Most lately, main our Company Technique, Growth, and Incubation Group, Mark’s focus has been on connecting our longer-term technique and investments with our instant and pressing progress alternatives. The breadth of his expertise, alongside together with his deep data of Cisco and our clients, companions, and investor group, uniquely place him to assist speed up Cisco’s progress on this new position.
Over the course of the subsequent few months, Scott and Mark will work intently to make sure a clean transition, after which Scott will transfer into an advisory position by means of April 2026. We can even start a direct inner search to establish a brand new chief for the Company Technique, Growth, and Incubation Group, which Mark now leads.
Promotion of Jeetu Patel to President and Chief Product Officer
Beneath 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 provides me nice confidence in our capacity to steer 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, progressive expertise, and superb groups, I’m extremely optimistic in regards to the future we’re constructing collectively.
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