Cisco Systems has recently made a significant announcement regarding leadership changes within the company. Gary Steele is set to become the new President, Go-to-Market, effective May 15, 2024. Steele, who brings a wealth of experience from his previous roles at Splunk and Proofpoint, as well as tech giants like Sun Microsystems and Hewlett-Packard, will be taking over global sales and partnerships.

As part of the leadership transition, Jeff Sharritts will be stepping down from his position, although he will continue with Cisco until mid-July. Steele’s compensation package includes a $1 million base salary, potential bonuses, and substantial equity awards, along with severance protections from his time at Splunk.

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