John Chambers, the Chief Executive of Cisco Systems,
Inc.(NASDAQ:CSCO), is thinking of retirement and looking around for a possible
successor, Bloomberg said on Tuesday.
In an interview to the news agency, Chambers, who has
been the CEO of the U.S. network company for 17 years now, said that he
expected to retire in the next two to four years and tossed out some names who
could lead the company after him.
While it is still not very definite whether he would
actually retire - after all he is still talking about two to four years into
the future - he said that he had discussed with the boar about his possible
successors.
The names that have been talked about are Robert
Lloyd, executive vice president of worldwide operations, Chuck Robbins, senior
vice president of the Americas, and Edzard Overbeek, senior vice president of
global services.
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Cisco, which was once the darling of the stock
markets, has been supplanted by other more nimble companies, especially from
China. Companies like Huawei have successfully eaten into Cisco's share of the
market, especially in the developing world.
However its shares recently saw an uptick as the
company has been revamping itself to address the IT needs of a fast-changing
environment.
Bloomberg said that of all the names mentioned the
most "interesting might be Overbeek who has overseen Cisco’s Asia Pacific,
Japan and Greater China region in a previous role."
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