John Chambers, Chairman and Chief Executive Officer of the biggest maker of networking equipment Cisco Systems, Inc (NASDAQ:CSCO) said his successor probably won’t immediately hold both roles. In his television interview with Bloomberg Television’s “In The Loop” with Betty Liu, John Chambers outlined his plans to step down, the company’s succession plan and how the CEO and Chairman roles would be handled with his successor. He indicated that it would be appropriate to split the positions when there is a new CEO and Cisco Systems, Inc. (NASDAQ:CSCO) would probably do that when his succession happens for a couple of years. With…
Chambers Says CISCO Systems Will Probably Split Roles for Successor
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports