Cisco finance chief Kelly Kramer is retiring just after five years in the place.

CEO Chuck Robbins built the announcement on an earnings simply call on Wednesday, saying, “Kelly has built the determination to retire from Cisco.”

Robbins stated that Kramer will step down as soon as her alternative is observed and will aid with the recruitment system.

“I’ll absolutely miss out on Cisco, but I’m seeking ahead to what’s following,” Kramer stated on the simply call.

Kelly Kramer

Kramer led the company as a result of dozens of acquisitions for the duration of her tenure, which include movie analytics company Modcam and privately held network intelligence company ThousandEyes. Less than Kramer’s management, Cisco made a record of correctly integrating other companies.

“She has performed a key part in reshaping Cisco into the company we are currently,” stated Robbins. “Over her 8-plus years below, Kelly has led the hard work to improve our money effectiveness, targeted on investor assurance, and served place Cisco for achievements.”

Kramer joined the personal computer networking machines maker in 2012 as senior vice president of company finance and became senior vice president of enterprise engineering and functions finance ahead of staying named CFO in 2015.

Just before Cisco, Kramer was CFO of GE Healthcare’s Health care Programs enterprise. During her 20 years with General Electrical, she held other CFO roles which include CFO of GE Health care Biosciences.

She serves on the board of administrators and chairs the audit committee for Gilead Sciences. Kramer is also a member of the board of administrators for the Silicon Valley Chapter of City Calendar year.

The information of Kramer’s departure came as the company declared a restructuring, which will begin this quarter and consist of a voluntary early retirement method and layoffs. The company stated it expects to acknowledge a similar one particular-time demand of about $900 million.

Robbins stated “over the following couple quarters” the company also strategies to minimize its expenses by $1 billion on an annualized basis.

Chuck Robbins, Cisco Programs, Kelly Kramer