Leadership & Pay · Apr 6, 2026

Daniel Schulman resigns from Cisco's Board; Peter Shimer appointed with $105K annual retainer

CSCOCisco Systems, Inc.

Daniel H. Schulman will resign from Cisco's Board of Directors effective May 21, 2026, to focus on his role as CEO of Verizon. Peter A. Shimer has been appointed to the Board and Audit Committee, receiving a pro rata portion of a $105,000 annual cash retainer and an initial equity award with a grant date fair value equal to a pro rata portion of $270,000.