Monday, January 30, 2006

Cisco Appoints Michael Capellas to Board of Directors

Cisco Systems announced the appointment of Michael Capellas, former president and CEO of MCI, to its board of directors. Capellas, 51, joined MCI as chairman and CEO in 2002 and became president and CEO in March of 2004. Capellas left MCI as planned in early January 2006 upon the company's acquisition by Verizon Communications Inc. Previously, he held multiple CXO level positions at Compaq including serving as chairman and CEO from July 1999-May 2002, until Compaq merged with Hewlett Packard, at which time he became president of the combined company.

With the election of Capellas, Cisco's board now consists of 12 members, including: Carol A. Bartz, chairman and CEO, Autodesk, Inc.; M. Michele Burns, former CFO, Mirant Corporation; Larry R. Carter, senior vice president, Cisco Systems, Inc.; John T. Chambers, president and CEO, Cisco Systems, Inc.; John L. Hennessy, Ph.D., president, Stanford University; Richard M. Kovacevich, chairman and CEO, Wells Fargo & Company; Roderick C. McGeary, chairman, Bearing Point, Inc.; James C. Morgan, chairman, Applied Materials, Inc.; John P. Morgridge, chairman of the board, Cisco Systems, Inc.; Steven M. West, founder and partner, Emerging Company Partners; and Jerry Yang, co-founder, chief Yahoo! and director, Yahoo! Inc.

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