Cisco Names Veteran Robbins To Succeed Chambers as CEO
bledri writes: After 20 years as Cisco's CEO, John Chambers will step down this summer. The search for a replacement took a committee 16 months, and they selected Chuck Robbins, who was previously responsible for the company's global sales and partner team. From the article: "Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of companies under Chambers but has failed to make great headway outside its core networking business."
After 16 months they put the sales manager in charge of an engineering company. This always works out well. Here come the layoffs.