By Roderick C. McGeary, Cisco Board Member and Chair, Compensation and Management Development Committee, and Francine Katsoudas, Senior Vice President and Chief Human Resources Officer
Cisco CEO John Chambers has consistently said that the next time we would talk about CEO succession would be when a successor is announced. Today is that day, and we are proud that Chuck Robbins has been appointed Cisco’s next CEO.
Over the past 16 months, Cisco’s Compensation and Management Development Committee and Board of Directors have been focused on the succession process for one of the most dynamic, respected, and longest-tenured CEOs in the tech industry.
For almost a decade, we have led robust succession planning and leadership planning for all of our critical roles. And, as a result, since John Chambers has been CEO, we’ve managed numerous successions seamlessly, including our CFO transition last fall.
The board initiated the formal CEO succession process in January, 2014, knowing that the transition would occur at some point in the following couple of years. Early in this process, we adopted five key principles to guide our approach and decisions:
- Execute a transition that is thorough, strategic, well managed and, in hindsight, highly successful.
- Establish clear criteria that will define a successful CEO for the next decade and beyond.
- Assess and develop the leaders who will play key roles during the CEO transition and beyond.
- Lead a highly confidential process that minimizes the distractions to the business and is fair and respectful to all candidates.
- Given the speed of disruption in our industry, select a candidate who can both execute in the short term as well as drive a dynamic vision and strategy for the next decade.
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Tags: #NewCEO, #WeAreCisco, CEO, chuck robbins, Cisco, john chambers, leadership, Succession
Bonjour de Montréal! I’m excited to officially kick off Cisco Partner Summit 2015. I just stepped off the stage at the Palais des Congrès where John Chambers and I spent the past hour updating our 2,200 partners here on the ground and 7,500 virtual attendees on our partner initiatives for the year to come.
But it’s impossible for us to look forward without first taking a look back. In the past year, you’ve heard me talk a lot about the Cisco Partner Ecosystem—and with good reason. At Cisco Partner Summit 2014, we put a firm stake in the ground with regard to how we view partnering and how, inevitably, the Internet of Everything (IoE) is compelling us all to think about new and different partner types—whether independent software vendors (ISVs), cloud providers, IoE and IoT partners, or others.
Many believe that these partner types can’t work together—that even some are competitors. But we’ve found the opposite to be true; while others in the industry make moves to split their partner programs to accommodate individual partner types, we know that we can do more together. We can ‘Be Bold’ together.
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Tags: #ciscops15, #mktgvelocity, Cisco, partner, partner summit
Last week we partnered with the WEF in launching the 2015 Global Information Technology Report highlighting the importance of closing the gender gap in ICT to ensure everybody benefits from ICTs. Today as we celebrate the ITU’s Girl in ICT day all around the world, we recognize the challenge in front of us: fewer women and girls than men and boys use mobile phones and the Internet, fewer girls have shown interest in ICT careers, and fewer women currently hold positions in this industry.
Some of the statistics are sobering:
- Teenage girls are 5 times less likely to consider a technology-related career compared to boys of the same age, even though the way in which each gender uses computers and the Internet is nearly identical.
- Only 18% of undergraduate computer science degrees were awarded to women in the United States between 2008 and 2011.
- In OECD countries, women account for less than a fifth of ICT-related specialists.
The ramifications of not encouraging young girls to cultivate a love of science, technology, engineering, and/or math (STEM) – and more specifically, ICT – are broad reaching and impacts countries, communities and individuals. An enormous gap exists between the size of the ICT workforce demanded and the current global supply. Simply put, more positions are available or are in the process of being created than there are skilled workers to fill them. Employers around the world are struggling to fill hundreds of thousands of ICT jobs, and part of the problem is the lack of women trained in these fields.
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Tags: Girls, Girls in ICT, Girls Power Tech, Inclusive Growth, ITU, women
In the last episode of our myth-busting series, Cisco SDN expert Frank D’Agostino and I are debunking the myth of the bargain priced white-box switch. White boxes aren’t a new subject in the market, but customers are just now starting to evaluate them for return on investment. So, where to start? When considering a white-box deployment, it is crucial to do all of the math. You must consider both the capital costs and the ongoing operational costs of this type of solution.
Two independent reports show that the up-front cost savings of a white-box switch are marginal as compared to those of traditional vendors. Deutsche Bank published “Whitebox Switches are Not Exactly a Bargain” in 2013, while Forrester Research recently released a study titled, “The Myth of White-Box Network Switches,” (February 20, 2015).
While the cost of a white-box and traditional switch are fairly similar from a capital expenditure point of view, Cisco analysis shows that white-box switches are more expensive when you include operational expenditures, such as the integration of third party software, tools and support costs. In fact, these real-life deployment factors can result in a total cost of ownership for Cisco that is approximately 20-30 percent less expensive than the full deployment of white-box switches.
Bottom line: White-box switches have hidden costs that make them more expensive than traditional switches when fully deployed. When you add up the cost of hardware, third-party software, integration and support, they are clearly no bargain. Check out our video conversation for more on this topic.
Tags: ACI, Cisco, Frank D'Agostino, rob lloyd, SDN, White Box
With the United Nations’ International Girls in ICT day fast approaching on April 23rd, this is a great opportunity to discuss how we can get young women involved in careers in technology. Cybersecurity is an ever-present issue with companies and individuals suffering attacks daily. At Cisco, we believe that protection from threats does not rely on a single technology or solution, it incorporates both the processes and of course, the people. It is predicted that by 2017, an additional two million security professionals will be needed, but what many young people – particularly women – underestimate, is how rewarding and far-reaching a career in cybersecurity can be.
Taking, the UK as one example, cybersecurity employs 40,000 people and is worth £6 billion to the economy. Yet according to the Cisco 2014 Annual Security Report, more than one million positions for information security professionals remain unfilled around the world. What’s more, is that female cybersecurity staff only account for 11 percent of the global workforce. In Europe, the figures are even worse, coming in at only 7 percent .
Today there still remains a notion that IT is a “man’s job”. Women thinking of applying are often dissuaded as they may lack the confidence needed at the very start to pursue this career path. Yet, not only is this job market growing, but these jobs pay higher than other industries. We must do what we can to encourage young women to be fearless and pursue these fields of study, because they add new perspectives in the workplace that benefit business outcomes.
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Tags: cybersecurity, education, Girls in ICT, girls in ict day, IoE, stem