Chambers sets leaving date as Cisco names new CEO

Chambers sets leaving date as Cisco names new CEO

“We've selected a very strong leader at a time when Cisco is in a very strong position. Today’s pace of change is exponential."

No better leader

“I’ve had the opportunity to watch Chuck grow as a leader at Cisco over the last 17 years and am convinced there is no better leader for Cisco today,” adds Carol Bartz, lead independent director on the Cisco Board.

“Chuck has demonstrated the same energy and passion to make Cisco great that John Chambers has demonstrated during his entire 20-year career as CEO.

“Finding a successor who could follow John was a challenge we took very seriously. All those we considered have the intellect, integrity, and charisma required for the position. Chuck stood apart as a leader with an extraordinary ability to connect vision, people and ideas to drive strategy and execution.”

Cisco also announced that John Chambers, currently CEO and Chairman of the Cisco Board of Directors, will remain on the board and assume the role of Executive Chairman on July 26.

In this role he will devote his time to supporting Robbins and engaging closely with customers and governments around the world, with a focus on leading Cisco’s role in country digitisation.

Chambers has served as CEO of Cisco since January 1995, having joined the company in 1991 as the head of sales, growing the company from US$1.2 billion in annual revenue to its current run rate of US$48 billion.

“Chuck is clearly the leader for Cisco’s future, and he has the unanimous support of the Board of Directors,” adds Roderick C. McGeary, Cisco Board Director, Chair of the Compensation and Management Development Committee, and the lead of the search committee.

“The board has always had a strong focus on succession planning. We initiated the formal CEO succession process 16 months ago, searching internally and externally to find the best leader for our employees, customers, partners and shareholders.

“With John Chambers taking the role of Executive Chairman and Chuck Robbins taking the role of CEO, the board is very confident Cisco has the leadership to drive its success for the next chapter.”

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