Cisco reshuffles board of directors

Cisco Systems Inc.
CSCO,
-0.09%
on Tuesday named former PayPal Holdings Inc.
PYPL,
-0.41%
Chief Executive Dan Schulman to its board of directors effective immediately. Schulman also serves on the boards of PayPal, Verizon Communications Inc.
VZ,
+0.99%,
and Cleveland Clinic. Cisco said M. Michele Burns, Rod McGeary and Advanced Micro Devices Inc.
AMD,
+1.91%
CEO Lisa Su have notified the board they will not stand for re-election at Cisco’s 2023 annual meeting in December.