Cisco Systems Inc. (CSCO) executive Paul Mountford, a senior vice president who ran the network-equipment maker’s global sales to businesses, has left the company amid a restructuring aimed at reducing market-share losses and cutting costs.
Mountford made a “personal decision to return to the U.K. to be with his family,” Ross Camp, a Cisco spokesman, said in an e-mailed statement. He had been with the San Jose, California-based company for 16 years, recently overseeing its emerging markets strategy before his promotion last year to lead global enterprise sales.
Cisco Chief Executive Officer John Chambers ordered a management overhaul last year to stem profit-margin erosion and win business lost to Juniper Networks Inc. (JNPR), Hewlett-Packard Co. (HPQ) and others. He has cut 7,800 jobs, reduced prices and eliminated a council-based management structure that slowed decision- making. Chambers says the moves have helped Cisco, the world’s biggest maker of routers and switches that shuttle data traffic, become more competitive.
Nick Adamo, a senior vice president in charge of sales to telecommunications-service providers, will add the global enterprise group to his responsibilities, bringing the two divisions together under one manager.
“This will bring greater alignment and simplicity in how we serve our service provider and enterprise customers,” Camp said.
Mountford’s departure adds to a growing list of senior executives who have left the company in recent years. Ned Hooper, who ran mergers and acquisitions, resigned in June, a year after his second-in-command, Charles Carmel, left. Former senior vice president Tony Bates left to run Skype Technologies SA in 2010.
-- Editors: Reed Stevenson, Stephen West
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