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Chuck Robbins to replace Chambers as Cisco CEO

Networking giant Cisco on Monday said it has appointed Chuck Robbins as its Chief Executive Officer. Robbins will take over from John Chambers, who will assume the role of Executive Chairman and continue to serve on the Board of the over $47 billion firm. “This is the perfect time for Chuck Robbins to become Cisco’s next Chief Executive Officer. We’ve selected a very strong leader at a time when Cisco is in a very strong position,” Chambers said. Robbins, who has most recently served as Cisco’s senior vice president of worldwide operations, was also elected to the Board of Directors, effective May 1, 2015.

Chambers added that Robbins, who will take over from July 26 as the new CEO, knows every Cisco segment, technology area, and geography, and will move the company forward with the speed required to capitalise on the opportunities ahead, he added. The California-based firm at present derives about two per cent of its global revenues from India and is targetting to grow this to five per cent over the next four years on the back of strong demand for cloud and networking services. 
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