Cantor Fitzgerald Maintains Bullish Views Following Cisco (CSCO) Leadership Change

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Cisco Systems (CSCO) Names Chuck Robbins to Succeed John Chambers as CEO

May 4, 2015 8:32 AM EDT

Cisco Systems (NASDAQ: CSCO) announced that its Board of Directors has appointed Chuck Robbins as Chief Executive Officer effective July 26, 2015. Robbins was also elected to the Board of Directors of Cisco, effective May 1, 2015. John Chambers will assume the role of Executive Chairman on July 26, 2015, and will continue to serve as the Chairman of Cisco's Board.

"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," said Cisco Chairman and CEO John... More