Cisco (CSCO) Chief Strategy Officer Ned Hooper is leaving to create an investment firm that will...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) Chief Strategy Officer Ned Hooper is leaving to create an investment firm that will partner with Cisco, the company discloses. CTO Padmarese Warrior will add Hooper's role to her responsibilities. GigaOm thinks the shake-up "may be an admission by Cisco that it needs to be more aggressive when it comes to ... new technologies," as it competes with legions of smaller rivals. BI's take: "John Chambers chases off yet another heir to his throne."