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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Autodesk Inc | NASDAQ:ADSK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.48 | -0.22% | 215.92 | 215.00 | 216.56 | 2,214 | 13:36:20 |
By Maria Armental
Cisco Systems Inc. hired Autodesk Inc.'s R. Scott Herren as its next chief financial officer, pointing to his role in driving Autodesk's business transformation.
San Jose, Calif.-based Cisco, considered a proxy for corporate high-tech hardware demand, has been moving to software and services, relying increasingly less on equipment sales.
"With a background in software, Scott will be instrumental in helping us accelerate our shift towards a software-based business model," Cisco Chief Executive Chuck Robbins said in a statement.
Mr. Herren is to join Cisco on Dec. 18 as executive vice president and CFO, succeeding Kelly Kramer.
Autodesk said it has initiated the search for a CFO. The company, which is slated to report third-quarter results on Nov. 24, said results for the quarter are expected to be above Autodesk's guidance range across all metrics.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
November 12, 2020 17:27 ET (22:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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