Cisco has changed its CEO

Cisco Senior Vice President of Operations Chuck Robbins has been appointed as the company's new CEO, replacing John Chambers, who has led Cisco for more than 20 years. However, he will retain the post of chairman of the company’s board of directors, and will also help his successor adapt to the new position.

“At the moment when Cisco takes very strong positions in the market, a very strong leader has been chosen. This is a great time for Chuck Robbins to lead the company in the new digital era, ” said John Chambers.

Chuck Robbins has been with Cisco since 1997. He started as a manager for working with large clients. Prior to joining Cisco, Robbins held various leadership positions at Bay Networks and Ascend Communications.
')
The new director is the main developer of the strategy to increase the commercial segment of Cisco business, which now brings her about a quarter of all revenues. Under the leadership of Robbins, Sourcefire and Meraki were acquired. In addition, he actively reformed the work of the Cisco sales department.

John Chambers began working at Cisco in 1991 as a vice president and quickly climbed the career ladder, receiving the position of CEO of the company in 1995. Managing the company for 20 years, Chambers became one of the few CEOs in the high-tech sector of the United States. who was able to stay in his post for so long.

During the leadership of John Chambers, Cisco has experienced tremendous growth. In the early 2000s, the company was the most expensive in the world with a market capitalization in excess of $ 550 billion, but after the end of the dot-com boom, Cisco’s cost has declined dramatically and now stands at about $ 149 billion. Against the background of the CEO change, the company’s shares rose on Monday 4% up to $ 29.17.