News Release

Giancarlo to Run Cisco Small and Medium Business Group

More Information about Cisco's Executive Management Team
Apr 15, 1999

SAN JOSE, Calif. -- April 15, 1999 -- Cisco Systems, Inc. today announced the appointment of Charlie Giancarlo to Sr. VP, Small-to-Medium Business (SMB) line of business. For the past two years, Giancarlo ran Cisco's Global Alliances group and previously led Cisco's successful mergers and acquisitions group. Giancarlo replaces Bill Carrico, who leaves Cisco to return to his start-up investments.

In his new role, Giancarlo will continue to build Cisco's presence in the SMB space, which today has a $2 billion run-rate in the re-seller channel. Giancarlo also will work to extend Cisco's end-to-end Internet solutions to small and medium businesses, a large growth opportunity for Cisco. Giancarlo will continue to lead Global Alliances team until a replacement is in place.

"Charlie has made many contributions to Cisco over the last four years. He successfully directed Cisco's business development team, focusing on mergers and acquisitions. As head of Global Alliances, Charlie also is responsible for Cisco's alliances with Microsoft, HP, GTE British Telecom, EDS and Anderson Consulting." On Monday, Investors Business Daily described Cisco's Global Alliances process as, "one of the best programs in the field," Chambers noted.

Bill Carrico, who has led Cisco's SMB line of business since September 1998, will return to working on his startup investments, where he has an established record as a Silicon Valley entrepreneur. Carrico came to Cisco in April 1998, joined by his wife and Cisco CTO Judy Estrin, as part of the acquisition of Precept Software, where he was co-founder, Chairman & CFO.

"I'd like to personally thank Bill for his many contributions to expanding Cisco's presence in the SMB market," Chambers said. "SMB has continued to gain market share in all markets that Carrico and his team have targeted. For example, channel growth exceeded a $2 billion run-rate after the first two quarters in FY99, more than doubling FY98 run-rate. Additionally, Cisco's desktop switching business unit remains the fastest growing business unit in the company."

Giancarlo will continue in the role of acting leader of Global Alliances until a successor can be found. The charter and mission of Global Alliances will remain unchanged, and the team will continue to play a key role in Cisco's overall strategy going forward. Carrico will remain at Cisco for the next couple of months to ensure a smooth transition.

Giancarlo was Vice President of Marketing for Kalpana Corporation, which was later sold to Cisco Systems. Giancarlo also holds multiple patents in the areas of ATM and other communications technologies. In January 1999, Mr. Giancarlo was voted one of the 25 most powerful people in networking by Network World.

Giancarlo holds a BS from Brown University in Engineering, a MSEE from University of California at Berkeley, and a MBA from Harvard Business School.

Cisco Systems

Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet.

# # #

Cisco, Cisco IOS, Cisco Systems and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners.