In the same release as the news of Gary Moore's departure, Cisco also revealed the upcoming departure of President, Development and Sales Rob Lloyd, who will officially step down July 25 as new CEO Chuck Robbins takes the helm of the networking vendor. Like Moore, Lloyd was seen as a front runner for the CEO position, with experience overseeing sales, engineering and more recently the company's Internet of Everything business. A 21-year veteran of the company, Lloyd was a channel partner favorite and was praised in a blog post by Robbins for his "amazing ability to understand the market opportunities ahead" and "unwavering commitment to customers and our partners."