Cisco adds Peter Shimer to board; Daniel Schulman to leave board in May

Cisco's board appointed Peter A. Shimer as an independent director on April 4, 2026, effective April 6, and placed him on the Audit Committee. Daniel H. Schulman, who notified Cisco on March 31 that he would resign, leaves the board effective May 21, 2026, citing his new role as chief executive of Verizon. These are board changes rather than operating news, so trading impact should be small.

• Peter A. Shimer appointed director, effective April 6, 2026
• Shimer joins the Audit Committee
• Daniel H. Schulman resigns from the board effective May 21, 2026
• Schulman cites his role as Verizon chief executive