Cisco Adds Dan Schulman To Board; Michele Burns, Rod McGeary And Lisa Su Notify Board That They Will Not Stand For Re-Election At 2023 Annual Meeting In December 2023
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems, Inc. has added Dan Schulman, former president and CEO of PayPal Holdings, Inc., to its board. Meanwhile, Michele Burns, Rod McGeary, and Lisa Su have notified the board that they will not stand for re-election at the 2023 annual meeting in December 2023.
October 10, 2023 | 9:01 pm
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NEUTRAL IMPACT
Cisco's board sees changes with the addition of Dan Schulman and the upcoming departure of Burns, McGeary, and Su in Dec 2023.
Board changes can have varying impacts on a company's stock. The addition of Schulman, with his experience at PayPal, could be seen as a positive move. However, the departure of Burns, McGeary, and Su could create uncertainty. Overall, the impact is neutral in the short term.
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