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Cisco Names Strategy Chief

Ned Hooper will be responsible for M&A and investments
By Maureen O'Gara
Article Rating:
July 9, 2009 07:45 PM EDT
Reads:
 2,386

Cisco has named Ned Hooper its chief strategy office responsible for M&A and investments, a move Cisco watchers interpret as anointing CEO John Chambers’ heir presumptive.

Hooper’s already the company’s senior VP of corporate development and head of its consumer unit, jobs he will keep.

Cisco’s moving out of its traditional playground and says Hooper will help shape its plans and incubate new technologies.

Acquired through an acquisition 11 years ago, Hooper was once Cisco’s VP of business development and bought Linksys, Scientific Atlanta, Webex, IronPort and Pure Digital, upping corporate revenue by $5 billion since 2002.

Published July 9, 2009 – Reads 2,386
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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