NEW YORK (AP) - Cisco Systems Inc. hasn't had a president since CEO John Chambers gave up the title in 2006. Now, as the San Jose, Calif., company thinks about a successor to the long-serving CEO, it's appointing two presidents - twice the number most companies have.
The maker of computer networking gear says Rob Lloyd, formerly the executive vice president in charge of worldwide sales, is now a president in charge of both product development and sales.
Meanwhile Chief Operating Officer Gary Moore, who had to make do with the title of executive vice president, is now a president, too.
Chuck Robbins, formerly the senior vice president for Americas sales, takes over Lloyd's job as global sales head.