Cisco Systems, Inc.
Cisco Announces CFO Retirement and Key Executive Appointments
Summary
On May 9, 2025, Cisco Systems, Inc. announced the retirement of Scott Herren, its Executive Vice President and Chief Financial Officer, effective July 26, 2025. Mark Patterson will succeed Herren as CFO on July 27, 2025, having previously served as the company's Chief Strategy Officer. Additionally, Jeetu Patel was appointed as President and Chief Product Officer effective May 14, 2025. Both Patterson and Patel will enter into Indemnity Agreements with Cisco. Patterson's daughter is employed by Cisco as an account manager, receiving total compensation of approximately $286,077 for fiscal year 2024.
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About Cisco Systems, Inc.
Cisco Systems, Inc. is a global leader in networking and IT. The company's core business is to design and sell a range of technologies that power the internet. Cisco is renowned for its routers, switches, cybersecurity solutions, and wireless systems, which serve as the backbone for digital communication networks worldwide. The company's products and solutions are crucial for the seamless operation of data centers, enterprise networks, and telecommunication infrastructures. Cisco Systems, Inc. plays a pivotal role in connecting businesses, governments, and individuals across multiple sectors, fostering the growth of cloud computing, IoT (Internet of Things), and remote work capabilities. With a focus on innovation and sustainability, Cisco continuously develops new technologies to enhance network performance and security. Based in San Jose, California, and founded in 1984, Cisco is a respected pioneer in its field, significantly contributing to the digital transformation initiatives of organizations globally. Its expansive reach and comprehensive portfolio make it a fundamental entity in shaping how we connect and communicate.
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