No. 8 Charles Giancarlo (Chief Development Officer): Cisco
So much for succession at Cisco. On December 31, 2007, after the departure of former Senior VP and CEO candidate Mike Volpi, Cisco lost another highly valued senior executive. Charles Giancarlo, Chief Development Officer, who many thought was next to sit on the Cisco throne, resigned after 14 years of service. This was announced after news that John Chambers, current CEO, plans to remain at the helm for another 3 to 5 years. A key member in Cisco’s leadership, Giancarlo launched Cisco’s business development group and initiated many profitable acquisitions and alliances – even after the budget tightening years following the dot com crash. Giancarlo is at Silver Lake Partners, a private equity firm. Cisco now has two hurdles to overcome. It must replace its top performer and search for an heir.