Giancarlo Bolts from Cisco

Charlie Giancarlo, seen by many people as John Chambers’ successor as Cisco’s CEO, has left to become a venture capitalist with Silver Lake Partners.

He’s the second high-ranking senior manager with Cisco abandon ship following the departure of Mike Volpi, who left to become CEO with Joost.

For more, check out GigaOm and ValleyWag, which suggests Giancarlo is just biding his time before a CEO gig emerges: Think of Giancarlo’s career move as a temporary exile as he searches for a new kingdom”.

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