Cisco (CSCO) announces a management shakeup. Worldwide sales chief Rob Lloyd has been named...

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

Cisco (CSCO) announces a management shakeup. Worldwide sales chief Rob Lloyd has been named President and head of development and sales, and COO Gary B. Moore has been named President as well. Americas sales chief Chuck Robbins will take over Lloyd's old job. The moves come shortly after CEO John Chambers said he might retire in 2-4 years, and named Moore, Lloyd, and Robbins (among others) as potential successors - judging by this move, Moore and Lloyd could have the inside track.