Richard Scott  Herren net worth and biography

Richard Herren Biography and Net Worth

R. Scott Herren is Executive Vice President and Chief Financial Officer (CFO) at Cisco, managing the financial strategy, global finance organization, procurement, and mergers/ acquisitions and integrations for the company with total revenue for fiscal year 2022 of $51.6 billion and 83,300 employees. Herren is focused on accelerating Cisco’s shift towards a more recurring revenue business model, maximizing long-term shareholder value, and maintaining the high level of integrity and transparency for which Cisco is known.

Prior to joining Cisco in 2020, Herren spent over six years as CFO at Autodesk where he was responsible for global financial strategy including operations, corporate development, financial systems, tax and treasury as well as the company’s procurement organizations. Herren was instrumental in orchestrating Autodesk’s business-model transformation – shifting from selling perpetual licenses to selling subscriptions. Before Autodesk, he held senior level strategy and financial positions at Citrix Systems, FedEx and IBM.

Herren is a chair of the Industrial and Systems Engineering (ISyE) Advisory Board and a member of the College of Engineering Advisory Board at Georgia Tech. He holds a Bachelor of Industrial Engineering from Georgia Institute of Technology and a Master of Business Administration degree in Finance from Columbia University.

What is Richard Scott Herren's net worth?

The estimated net worth of Richard Scott Herren is at least $15.52 million as of March 11th, 2024. Mr. Herren owns 328,491 shares of Cisco Systems stock worth more than $15,524,485 as of June 24th. This net worth estimate does not reflect any other investments that Mr. Herren may own. Additionally, Mr. Herren receives an annual salary of $3,350,000.00 as CFO at Cisco Systems. Learn More about Richard Scott Herren's net worth.

How old is Richard Scott Herren?

Mr. Herren is currently 62 years old. There are 4 older executives and no younger executives at Cisco Systems. Learn More on Richard Scott Herren's age.

What is Richard Scott Herren's salary?

As the CFO of Cisco Systems, Inc., Mr. Herren earns $3,350,000.00 per year. The highest earning executive at Cisco Systems is Mr. Charles H. Robbins, Chairman & CEO, who commands a salary of $7,730,000.00 per year. Learn More on Richard Scott Herren's salary.

How do I contact Richard Scott Herren?

The corporate mailing address for Mr. Herren and other Cisco Systems executives is 170 WEST TASMAN DRIVE, SAN JOSE CA, 95134. Cisco Systems can also be reached via phone at (408) 526-4000 and via email at [email protected]. Learn More on Richard Scott Herren's contact information.

Has Richard Scott Herren been buying or selling shares of Cisco Systems?

Richard Scott Herren has not been actively trading shares of Cisco Systems during the past quarter. Most recently, Richard Scott Herren sold 13,942 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a transaction totalling $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at $16,424,550. Learn More on Richard Scott Herren's trading history.

Who are Cisco Systems' active insiders?

Cisco Systems' insider roster includes Prat Bhatt (SVP), M Burns (Director), M. Burns (Director), Mark Chandler (EVP), Chris Dedicoat (EVP), Geraldine Elliott (EVP), Mark Garrett (Director), David Goeckeler (EVP), Richard Herren (Exec. VP & CFO ), Richard Herren (CFO), Rebecca Jacoby (SVP), Kristina Johnson (Director), Kelly Kramer (CFO), Maria Martinez (COO), Roderick McGeary (Director), Charles Robbins (CEO), Jeffery Sharritts (EVP), Deborah Stahlkopf (EVP), Irving Tan (EVP), Karen Walker (SVP), and Maria Wong (SVP). Learn More on Cisco Systems' active insiders.

Are insiders buying or selling shares of Cisco Systems?

During the last year, insiders at the network equipment provider sold shares 20 times. They sold a total of 252,881 shares worth more than $12,654,548.79. The most recent insider tranaction occured on June, 13th when EVP Deborah L Stahlkopf sold 2,619 shares worth more than $118,745.46. Insiders at Cisco Systems own 0.0% of the company. Learn More about insider trades at Cisco Systems.

Information on this page was last updated on 6/13/2024.

Richard Scott Herren Insider Trading History at Cisco Systems

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/11/2024Sell13,942$50.00$697,100.00328,491View SEC Filing Icon  
12/18/2023Sell106,321$50.02$5,318,176.42345,994View SEC Filing Icon  
12/14/2023Sell13,616$50.00$680,800.00452,315View SEC Filing Icon  
8/18/2023Sell2,600$55.14$143,364.00278,658,408View SEC Filing Icon  
6/22/2023Sell2,579$50.65$130,626.35281,493View SEC Filing Icon  
12/1/2022Sell98,342$50.03$4,920,050.26304,048View SEC Filing Icon  
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Richard Scott Herren Buying and Selling Activity at Cisco Systems

This chart shows Richard Scott Herren's buying and selling at Cisco Systems by year and by quarter.

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Cisco Systems Company Overview

Cisco Systems logo
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and network assurance. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.
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Today's Range

Now: $47.28
Low: $47.01
High: $47.78

50 Day Range

MA: $47.14
Low: $45.52
High: $49.67

2 Week Range

Now: $47.28
Low: $44.95
High: $58.19

Volume

18,918,027 shs

Average Volume

19,819,139 shs

Market Capitalization

$190.48 billion

P/E Ratio

15.92

Dividend Yield

3.42%

Beta

0.85