On Monday, Cisco Systems, Inc. (NASDAQ:CSCO) announced that longtime CEO John Chambers will retire from his position, giving way to Chuck Robbins as the new CEO.
The official handing over is set to take place on July 26. Cisco selected Robbins as the successor, particularly based on the fact that Robbins has been in the company for a long time, and his track record is excellent. During an interview, Chambers said that his input in the company has been substantial and important in the company’s growth. He further went on to add that the company needs to keep up with the fast-rising competition.
Chambers described the handing over as a strategy for the company to boost its performance. Cisco is expected to experience a more rapid growth rate with Robbins at the helm. Chambers also described the decision as an opportunity for the new leadership to bring in new ideas into the company.
Robbins has been working at Cisco for almost 19 years now. He started working with the network equipment organization since 1997. Chambers himself has been the CEO for quite some time now. Chambers himself stated that Robbins will make the company’s operations easier and more simplified.
Chambers also had a few things to say about the company’s changing fronts. He said the company is in on the fast track towards the next generation internet, thus the need for more radical decisions on the way forward.
Chambers will remain in the company while assuming the position of the executive chairman where he will be expected to assist Robbins with various aspects of the company operations. Some of the sectors that he will preside over include; vital government relations, tactical partnerships and digitization countries and cities.
The company’s decision to incorporate new leadership is part of its strategic decision to revamp the Cisco’s performance as well as making sure the company’s success continues into the future. It is also a chance to bring in new ideas that will maintain an aggressive lead in the market.
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