After 12 years of dedicated service, Jerry Yang has chosen to retire from Cisco’s Board of Directors to more fully pursue new personal and business interests.
Jerry has been an active member of our Board of Directors since July 2000. As the co-founder of Yahoo! Inc. and with his background in information technology and technology development, Jerry’s strategy and leadership skills on the board have been invaluable. Jerry will continue to serve as a director until Cisco’s 2012 Annual Meeting of Shareholders on November 15, 2012.
During Jerry’s tenure on the board, Cisco has more than doubled annual revenue from approximately $19 billion to $46 billion, tripled profits from $2.7 billion to $8.0 billion, and grown headcount from 34,000 to approximately 67,000 employees. On behalf of Cisco’s Board of Directors, we are extremely proud to have worked with Jerry on these accomplishments, and he will certainly be missed by me, our fellow board members and our entire company.
Thank you for your great service to Cisco, Jerry.