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UPDATE 1-Cisco appoints Ned Hooper strategy chief

Wed Jul 8, 2009 8:23am EDT

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*Hooper to take on Chief Strategy Officer role

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*To be responsible for acquisitions and investments

NEW YORK, July 8 (Reuters) - Cisco Systems Inc (CSCO.O) said on Wednesday that Ned Hooper, the head of its consumer business would also take on the role of chief strategy officer with responsibility for issues including acquisitions.

Cisco said that Hooper, already president of its corporate development and consumer business, would help shape the company's business plans as it moves into new markets and develops new strategies in his new role.

The leader in network equipment for big companies and telecommunications service providers has recently been pushing into new market segments such as consumer and video conferencing.

Hooper, an 11-year veteran of Cisco, will also be responsible for the company's global strategy, acquisitions, equity investments and the incubation of new technologies. (Reporting by Sinead Carew; Editing by Derek Caney)

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