UPDATE: Cisco (CSCO) Head of Strategy Ned Hooper Said to Be Leaving - CNBC

June 26, 2012 12:56 PM EDT
(Updated - June 26, 2012 12:59 PM EDT)

Cisco's (Nasdaq: CSCO) strategy chief Ned Hooper is said to be leaving the company in order to start an investment fund, according to CNBC.

Shares of Cisco are down 0.4 percent Tuesday afternoon, still showing a move higher after hitting session lows earlier.

UPDATE - Further headlines have Cisco CTO Padmasree Warrior moving to assume the Chief Strategy Officer role as well.

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