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2 Cisco presidents departing as incoming CEO makes move to reorganize leadership structure

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NEW YORK — Two Cisco Systems Inc. presidents are leaving the company as Chuck Robbins takes over the CEO position and moves to a "flatter" leadership team.

In a blog post Monday, Robbins said President and Chief Operating Officer Gary Moore and President of Development and Sales Rob Lloyd will leave Cisco on July 25. Robbins, a 17-year veteran of the networking communications company, succeeds John Chambers as CEO one day later.

"To drive our continued success and leadership, our organization structure must always evolve as the market changes," Robbins said, in the post.

He said the move to a "flatter" leadership team is meant to help the San Jose, California-based company adapt and innovate over the next decade and will help with execution and speed.

He praised Lloyd and Moore in the post for their "tremendous leadership" and said they played a significant role in driving the company forward.

Lloyd has been with Cisco for 21 years and Moore has been with Cisco for 14 years.

Robbins said he will announce his organizational structure and leadership team in the next two weeks.

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