Cisco Hires Autodesk's R. Scott Herren as CFO
By Maria Armental
Cisco Systems Inc. hired Autodesk Inc.'s R. Scott Herren as its
next chief financial officer, pointing to his role in driving
Autodesk's business transformation.
San Jose, Calif.-based Cisco, considered a proxy for corporate
high-tech hardware demand, has been moving to software and
services, relying increasingly less on equipment sales.
"With a background in software, Scott will be instrumental in
helping us accelerate our shift towards a software-based business
model," Cisco Chief Executive Chuck Robbins said in a
Mr. Herren is to join Cisco on Dec. 18 as executive vice
president and CFO, succeeding Kelly Kramer.
Autodesk said it has initiated the search for a CFO. The
company, which is slated to report third-quarter results on Nov.
24, said results for the quarter are expected to be above
Autodesk's guidance range across all metrics.
Write to Maria Armental at email@example.com
(END) Dow Jones Newswires
November 12, 2020 17:27 ET (22:27 GMT)
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