Cisco’s departed financial chief Frank Calderoni has landed as CFO and operations chief at Linux distro kingpin Red Hat.
Calderoni was the network giant’s CFO for seven years and managed the company through growth, acquisitions, layoffs and restructuring.
He replaces Red Hat’s CFO Charlie Peters, who is retiring.
During his time, Cisco doubled its revenue from $22bn to $47bn and hit a head count of more than 72,000.
As kettles of fish go, Red Hat couldn't be more different: £1.7bn revenue, 7,300 employees and open source.
Unlike other Linux firms, though, Red Hat has managed to marry growth with profit – 44 quarters of growth with $180m revenue for its last year.
Company CEO Jim Whitehurst said he is “thrilled” to have Calderoni on the payroll as he tries to turn Red Hat into a $10bn company.
Calderoni joins a list of Cisco brass exiting in the wake of CEO John Chambers, which includes president and COO Gary Moore, president of development and sales Rob Lloyd and chief technology officer Padmasree Warrior. ®