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TOPIC: Cisco Names New CEO to Succeed John Chambers

Cisco Names New CEO to Succeed John Chambers 4 years 5 months ago #34

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Chuck Robbins to become the networking company’s chief executive on July 26

John Chambers is ending his 20-year run atop Cisco Systems Inc. on a high note, handing the reins to a dark-horse internal candidate with the company’s shares near a five-year high.

But successor Chuck Robbins, a 17-year Cisco veteran, faces big challenges at the Silicon Valley network-equipment giant as corporate customers consider new ways to connect and harness their computing power.

Mr. Robbins, 49-years-old and a senior vice president who has specialized in sales and relationships with business partners, officially will become CEO on July 26. Mr. Chambers will become executive chairman, and said he expects to spend much of his time advising his replacement.

The disclosure ends years of speculation about Cisco’s succession plans, and underscores a generational shift at many large technology companies. International Business Machines Corp., Microsoft Corp., Intel Corp., Oracle Corp., Qualcomm Inc. and SAP SE have all named new chiefs in recent years—each time opting for an internal choice.

Mr. Chambers, who turned 65 last August, wasn’t a Cisco founder. He arrived in 1991, and took over as CEO in 1995, spearheading an extraordinary growth phase. Snapping up many smaller companies, he moved Cisco from its pioneering stronghold in Internet devices known as routers into switching systems and the home, placing Cisco at most important junctions of the Web.



wsj.com

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