Keysight Technologies, Inc. today announced that from May 1, 2022, Satish Dhanasekaran, the company’s current Chief Operating Officer, will become President and Chief Executive Officer and will join the Keysight Board of Directors. Ron Nersesyan, the current president and CEO of Keysight, will retire after a long and successful career at the company, but will remain as executive chairman.
“I am incredibly proud of the exceptional results that the Keysight team has achieved for customers and shareholders,” Nersesyan said. “Looking to the future, I am even more confident in Keysight’s future prospects and ability to pursue further value creation, given the strength of the company’s differentiated decisions, investment in research and development, sales and marketing mechanisms, management team, balance and culture.”
Nersesyan spent more than 30 years in the company and its predecessors. He became president and CEO of Keysight when Agilent Technologies decided to spin the business in 2013. Becoming an independent public company in 2014, Keysight implemented its strategy-oriented solutions strategy, focusing on customer success while strengthening its differentiated solutions. portfolio by acquiring and increasing R&D investment and increasing the longevity of the business model.
Under the leadership of Nersesian, Keysight’s revenues increased by ten per cent of annual growth rates, with profits in annual terms and free cash flow growth of eighteen and twenty-five per cent respectively. At the same time, as of the end of fiscal year 2021, Keysight’s market capitalization has increased sixfold, while shareholder earnings are nearly four times higher than the S&P 500 Index.
“I love Keysight very much and feel confident in his future with Satish as CEO and exceptional management team and staff,” Nersesyan said. “Through the succession planning process of the board of directors, market experience, strategic understanding and Satisha’s high experience have made him a clear choice to lead Keysight. I look forward to continuing to work with Keysight as Executive Chairman and working with Satisha and the Board to deploy Keysight’s strong momentum to create added value for all stakeholders. ”
Dhanasekaran began his career at Keysight in 2006. He has been the Chief Operating Officer since 2020, focusing on increasing orders, increasing annual recurring profits and stimulating the company’s growth initiatives. It oversees Keysight’s features that contribute to these goals, including market research and technology; development of new technologies, products and solutions; services; marketing; and sales.
Prior to becoming Chief Operating Officer, Dhanasekaran led Keysight’s communications solutions group, the company’s largest business segment, dealing with the communications ecosystem, including wireless and wired communications, as well as aerospace defense and government customers. As the head of this business, he has successfully driven the growth of orders and revenue, expanded profits and expanded the range of software solutions. At the same time, Dhanasekaran has confirmed Keysight’s leadership in 5G and has made significant contributions to accelerating technology adoption in other key areas, including the 400G, quantum and electromagnetic spectra. He has more than 20 years of experience in the communications industry, covering business management, products, sales, marketing and business development.
“It is a great honor for me that the board has elected me as Ron’s successor as President and CEO of Keysight. Keysight’s goal of accelerating innovation to connect and secure the world allows us to seize opportunities in a variety of end markets and expand our track record of high financial performance, ”Dhanasekaran said. “Keysight has a very bright future ahead, and I look forward to working with the team to implement our software solutions strategy and apply Keysight’s leadership model to deliver more value to our customers, shareholders and employees.”
Keysight Technologies announces the succession of CEO Satisha Dhanasekarana
Source link Keysight Technologies announces the succession of CEO Satisha Dhanasekarana