Keysight Announces Executive Leadership Transition

Rhea-AI Summary

Keysight Technologies (NYSE: KEYS) announced that Ron Nersesian will transition from Executive Chair to Non-Executive Board Chair on May 1, 2023. Nersesian has been with the company for over 30 years and served as President and CEO from 2013 to 2022. Under his leadership, Keysight's shareholder return reached approximately 500%, significantly outperforming the S&P 500. Satish Dhanasekaran, currently President and CEO, expressed gratitude for Nersesian's contributions and emphasized the strength of Keysight's software-centric solutions strategy. The company focuses on innovation to enhance customer value across various industries.

Positive

• Nersesian's leadership resulted in a 500% total shareholder return, significantly outperforming the S&P 500.
• Continued focus on a software-centric solutions strategy is expected to drive innovation and customer value.

Negative

• None.

• Ron Nersesian to transition to Non-Executive Board Chair

SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS) announced today that Ron Nersesian, the company’s Executive Chair of the Board of Directors, plans to transition to Non-Executive Chair as of May 1, 2023.

Nersesian has served as Keysight’s Executive Chairman since November 2019 and transitioned the role of Keysight President and Chief Executive Officer to Satish Dhanasekaran in May 2022. Nersesian has spent more than 30 years with the company and its predecessors.

“Serving as Keysight’s President and CEO from 2013 to 2022 and Executive Chair for the last year, has been one of my greatest honors and achievements,” said Ron Nersesian, Keysight’s Executive Chair. “Looking ahead, I strongly believe Keysight has exciting prospects to extend its track record of value creation for customers, shareholders, and employees.”

Under the leadership of Nersesian, Keysight has executed its software-centric solutions strategy by focusing on customer success, strengthening its differentiated solutions portfolio through increased R&D investments and acquisitions, and improving the results and durability of the business model. These actions have driven significant value creation, including a total shareholder return of approximately 500%, outpacing the S&P 500.

“On behalf of Keysight’s Board of Directors and employees, I want to thank Ron for his leadership and dedication to the company and our stakeholders, as well as his continued mentorship and support,” said Satish Dhanasekaran, Keysight’s President and Chief Executive Officer. “Ron has created a high-performance culture that gives us an incredible foundation to build on as we focus on extending our software-centric solutions strategy to accelerate customers’ innovation and drive value creation. I look forward to continuing to partner with Ron in his capacity as Board Chair.”

About Keysight Technologies

At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product lifecycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.

Source: IR-KEYS

View source version on businesswire.com: https://www.businesswire.com/news/home/20230316005433/en/

Andrea Mueller

+1 408 218–4754

andrea.mueller@keysight.com

Jason Kary

+1 707 577–6916

jason.kary@keysight.com

Source: Keysight Technologies, Inc.

FAQ

What is the significance of Ron Nersesian's transition at Keysight Technologies?

Ron Nersesian's transition to Non-Executive Board Chair signifies a change in leadership structure while retaining his influence in guiding Keysight's strategic vision.

When will Ron Nersesian officially become Non-Executive Chair?

Ron Nersesian will officially transition to Non-Executive Chair on May 1, 2023.

How has Ron Nersesian impacted Keysight Technologies during his tenure?

Under Ron Nersesian's leadership, Keysight achieved a total shareholder return of approximately 500% and successfully executed a software-centric solutions strategy.

Who is the current CEO of Keysight Technologies?

Satish Dhanasekaran is the current President and CEO of Keysight Technologies.