Cisco names Chuck Robbins as CEO; John Chambers to become executive chairman


Fortune

John Chambers will step down from Cisco [fortune-stock symbol=”CSCO”] after 20 years at the helm. The company announced on Monday that Chuck Robbins, its senior vice president of worldwide field operations, will step into the company’s top job effective July 26, 2015.

In a blog post, board members Roderick McGeary and Francine Katsoudas said the search to replace John Chambers, who will become executive chairman, took 16 months.

“Chuck will both accelerate what makes Cisco an undeniably great company and also drive the transformation to carry the company to a whole new level,” they wrote. “Chuck has the full confidence and trust of the Cisco Board as we enter this next chapter.”

In a statement, Chambers cited Robbins’ familiarity with “every Cisco segment, technology area, and geography” as one reason why he’s suited to the job:

We’ve selected a very strong leader at a time when Cisco is in…

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