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Cisco CTO heads to PacketFabric to take up CEO role
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Enterprise connectivity company PacketFabric announced Tuesday that Dave Ward, the former chief technology officer for engineering at Cisco Systems Inc. , would be joining the company as its new chief executive. Ward said in a statement that he believes PacketFabric "can lead and positively disrupt the next phase of transformation for the networking industry." PacketFabric is a portfolio company of Digital Alpha Advisors. The announcement comes as Cisco's shares have lost 11.3% so far this year while the Dow Jones Industrial Average has declined 17.1%.