Cisco executive to lead $6.8bn wireless internet giant

Donald Listwin, the top vice-president of Cisco Systems, is leaving the company to lead the $6.8bn ( £4.5bn) merger of internet firms Software.com and Phone.com.

LONDON (Brand Republic) - Donald Listwin, the top vice-president of Cisco Systems, is leaving the company to lead the $6.8bn ( £4.5bn) merger of internet firms Software.com and Phone.com.

Listwin, who was one of the world’s best-paid executives last year, hopes the merger will create a global empire which will cash in on the growth of the wireless internet. Listwin will be chief executive officer and president of the company, and Phone.com’s founder Alain Rossmann –- who invented Wap –- will be chairman.

The merger, which should be completed by the end of the year, will create a company valued at $12bn with revenues of $150m. The name of the combined company will be announced after the completion of the merger.

Listwin joined Cisco, one of the world’s largest companies, in 1990, and became a vice-president in 1998.



Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
The top 10 brands favoured by Remainers and Brexiters
Shares0
Share

1 The top 10 brands favoured by Remainers and Brexiters

Marketers can learn about our divided nation by examining the brands that appeal across the voting referendum voting split, says Emily James, chief strategy officer at Rainey Kelly Campbell Roalfe/Y&R.

Just published