Business World

Cisco Systems Inc Chief Executive John Chambers said on Monday that he would probably stay in his position for at least another three to five years.

Asked at a JP Morgan technology conference about his future plans — for example, if he would move into politics — the 59-year-old head of the biggest U.S. network equipment maker said he was more likely to teach.

“I love what I do. I’m going to retire here at Cisco and after that I will teach,” he said. “I intend to stay at Cisco for probably a minimum of three to five more years, assuming I can earn the shareholders’ trust, our employees’ trust, our customers’ trust, and assuming my health holds up low fee pay day loans.”

Since Chambers took the CEO role in January 1995, Cisco has grown from a company with $1.2 billion in annual revenue to nearly $40 billion, as the expansion of the Internet fueled demand for routers and switches that direct Web traffic.

(Reporting by Ritsuko Ando, editing by Maureen Bavdek)

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