The man thought to be next in line for the CEO job at Cisco Systems has resigned, the company announced Thursday.
Charles Giancarlo, executive vice president and chief development officer, will be stepping down from his post as of December 31 after 14 years with Cisco. Giancarlo, 50, has taken a job as managing director and partner at Silver Lake, an investment firm focused on large-scale investments in technology. His first day at the new job will be January 2, 2008.
Cisco's CEO John Chambers said he had tried over the past six months to persuade Giancarlo to stay. … Read more