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Short Take: Cisco promotes VP

Cisco Systems has promoted Don Listwin, VP and general manager of the company's access business unit, to executive vice president. He will be responsible for Cisco's new consumer-focused line of business and will continue to oversee the company's service provider efforts, as well as direct its corporate marketing operations. Cisco also adopted a plan to make it more difficult for potential suitors to pursue an unfriendly takeover.

Cisco Systems has promoted Don Listwin, VP and general manager of the company's access business unit, to executive vice president. He will be responsible for Cisco's new consumer-focused line of business and will continue to oversee the company's service provider efforts, as well as direct its corporate marketing operations. Cisco also adopted a plan to make it more difficult for potential suitors to pursue an unfriendly takeover.