Cisco Systems, Inc. (NASDAQ:CSCO) is getting closer to picking a CEO to replace its current leader, John Chambers. Gary Moore and Robert Lloyd were each promoted to the position of president inside the company. The move cuts the field down from ten potential candidates.
Both of the promoted candidates will retain the responsibilities they had before the promotion, but as Executive Vice Presidents. Gary Moore is the company’s Chief Operating Officer, while Robert Lloyd is responsible for the company’s overseas sales. Lloyd will take on the added responsibility of the company’s engineering department.
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