Giancarlo Out at Cisco

December 21, 2007
Cisco CEO in waiting, Charles Giancarlo, has resigned.
Giancarlo, whose last day is December 31, will reportedly join investment firm Silver Lake as a managing director. Silver Lake, as you may recall, is the investment firm that nabbed Avaya in a well publicized private equity deal last June.
In a shift away from current business practices, Cisco Chairman and Chief Executive John Chambers announced that the company would appoint a group of executives to oversee acquisitions and other business deals, as opposed to the current “command and control” organization.

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