Cisco (NASDAQ: CSCO) today announced that Ned Hooper, Senior Vice President of Corporate Development and Consumer, would assume additional responsibilities as Chief Strategy Officer (CSO). As CSO, Hooper will play a key leadership role in developing Cisco’s business strategy and identifying market transitions.
Hooper is an 11-year veteran of Cisco. Prior to his current role, he was Vice President of Business Development, where he led the company’s acquisition strategy focusing on growth opportunities by entering new markets and integrating innovative technologies into Cisco businesses. Through acquisitions including Linksys, Scientific Atlanta, Webex, IronPort, Airspace and Pure Digital, he has led Cisco’s expansion in new markets, resulting in more than $5 billion in additional annual revenue since 2002.
Hooper joined Cisco through the acquisition of Lightspeed International, where he was Director of Business Development responsible for implementing a global distribution strategy. He has an MBA from the University of Virginia’s Darden School of Business and a BA from the University of Colorado.
I am a big fan of foresightedness of Chambers, its very rare that organizations identify key roles like Chief Strategic Office, Chief Globalization Officer which is very important for identifying new market oppurtunities and globalization.
Cisco is definetly setting a trend which many organizations would follow.
Listen to Ned talking after acquisition of Pure Digital.
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