Cisco has appointed R. Scott Herren as executive vice president and chief financial officer to maximize long-term shareholder value and build recurring revenue. He will join the company on December 18, 2020.
Herren will report directly to Cisco Chairman and Chief Executive Officer Chuck Robbins. He will succeed Kelly Kramer who will retire after serving nine years with Cisco.
Since November 2014, Herren served as chief financial officer and senior vice president of Autodesk where he helped the company successfully transform its business model from perpetual licenses to SaaS and recurring subscriptions.
Prior to joining Autodesk, Herren was senior vice president of finance at Citrix Systems where he led the company’s finance, accounting, tax, treasury, investor relations, real estate and facilities teams and held a variety of leadership roles during his 14-year tenure. Before Citrix, Herren spent more than 15 years in senior strategy and financial positions at FedEx and IBM.
Speaking on his appointment, he said – “The opportunity to contribute to the business-model transformation work already underway is exciting, and the possibilities of what Cisco can achieve are truly inspiring. I look forward to partnering with not only the leadership team, but the entire company, on their journey of transformation.”
Commenting on the new appointment, Chuck Robbins, said – “I am excited for Scott to join the Cisco executive leadership team. With a background in software, Scott will be instrumental in helping us accelerate our shift towards a software-based business model. Scott’s experience operating in complex global environments and proven track record of profitable business growth, prudent financial controls and building winning teams will be a tremendous addition to Cisco”
–AK
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