Cisco Systems, Inc. (NASDAQ:CSCO) incoming CEO, Chuck Robbins, today unveiled his new executive team ‘Next Generation Executive Leadership Team’. The new CEO said this new executive team will lead Cisco into the digital age.
They have the capabilities, accomplishments, and the values required to lead us into the future. Their combined vision, passion and authenticity, along with a focus on strategy, results, and innovation truly differentiate this team.
Given the challenges ahead of the new CEO, selecting the right team is crucial to face the complex and ever fast moving today’s markets. The team that was chosen reflects a good diversity of gender, culture and expertise.
That’s 10 new executive leadership team, five men and five women which is slightly smaller than John Chambers’ team which was 13 executives.
In the era of mobile technology and cloud computing, a company like Cisco System a leader in networking hardware and Internet gear will see its market share shrinking as companies embrace cloud technology leaving only some clients for Cisco System.
Even clients like e-commerce giant Amazon.com and Internet giant Google Inc and the social network giant Facebook Inc, are now trending for their own data centers as well as making their own networking hardware. This puts pressure on Cisco Systems, Inc.(NASDAQ:CSCO) in terms of sales and revenue.
Relying solely on acquisitions will not cut it. A new young, diverse and dynamic team is needed to face the challenges ahead. Understanding today’s markets has become very crucial especially the emerging markets.
Currently, Cisco has several initiatives in the Internet of Things (IoT) and the cloud and that’s a strong step in the right direction as the company moves forward in the future of IoT, Mobile technology and cloud computing.
It can be expect that the shares of Cisco System, Inc. (NASDAQ:CSCO) to go slightly up in the next couple of days as a result of this Next Generation Executive Leadership Team.