NEW YORK (AP) — Cisco Systems Inc. hasn’t had a president since CEO John Chambers gave up the title in 2006. Now, as the company thinks about a successor to the long-serving CEO, it’s appointing two presidents — twice the number most companies have.

The maker of computer networking gear said Thursday that Rob Lloyd, 56, formerly the executive vice president in charge of worldwide sales, is now a president in charge of both product development and sales.