Keysight Technologies Announces CEO Succession
Keysight Technologies (NYSE: KEYS) has announced that Satish Dhanasekaran will become President and CEO effective May 1, 2022, succeeding Ron Nersesian, who will remain as Executive Chairman. Under Nersesian's leadership, Keysight achieved a 10% CAGR in revenue and significant growth in earnings and cash flow. Dhanasekaran, with a strong history at Keysight, vows to continue enhancing customer value and advancing software-centric solutions. The company's strong market position and differentiated solutions portfolio are highlighted as key drivers of future growth.
- Satish Dhanasekaran's appointment expected to drive continued growth.
- Keysight has achieved a 10% CAGR in revenue under previous leadership.
- Annualized earnings and free cash flow growth of 18% and 25%, respectively.
- Market cap increased six-fold since becoming independent in 2014.
- None.
“I am incredibly proud of the exceptional results that the Keysight team has achieved for customers and shareholders,” said Nersesian. “Looking ahead, I am even more confident in Keysight’s future prospects and ability to drive further value creation given the strength of the company’s differentiated solutions, R&D investments, sales and marketing engines, leadership team, balance sheet, and culture.”
Nersesian has spent over 30 years with the company and its predecessors. He became President and Chief Executive Officer of Keysight when Agilent Technologies decided to spin-out the business in 2013. Since becoming an independent public company in 2014, Keysight has executed its software-centric solutions strategy by focusing on customer success, strengthening its differentiated solutions portfolio through acquisitions and increased R&D investments and improving the durability of the business model.
Under Nersesian’s leadership, Keysight’s revenues have increased at a ten percent compound annual growth rate, while generating annualized earnings and free cash flow growth of eighteen percent and twenty-five percent, respectively. At the same time and as of the end of fiscal year 2021, Keysight’s market capitalization has increased six-fold, while delivering shareholder returns nearly four times that of the S&P 500 Index.
“I love Keysight deeply and I feel confident in its future with Satish as CEO and the exceptional leadership team and employees in place,” said Nersesian. “Through the Board’s succession planning process, Satish’s market expertise, strategic insight, and high-performance track record made him the clear choice to lead Keysight. I look forward to continuing with Keysight as Executive Chairman and working with Satish and the Board to build on Keysight’s strong momentum to create further value for all stakeholders.”
Dhanasekaran began his career at Keysight in 2006. He has been Chief Operating Officer since 2020, focused on growing orders, increasing annual recurring revenue and driving the company’s growth initiatives. He oversees the Keysight functions that contribute to these objectives, including market and technology research; development of new technologies, products, and solutions; services; marketing; and sales.
Before becoming Chief Operating Officer, Dhanasekaran led Keysight’s
“I am honored that the Board has selected me to succeed Ron as Keysight’s President and CEO. Keysight’s purpose of accelerating innovation to connect and secure the world enables us to capture opportunities across our diverse set of end markets and extend our track record of strong financial performance,” said Dhanasekaran. “Keysight has a very bright future ahead, and I look forward to working with the team to execute our software-centric solutions strategy and apply the Keysight Leadership Model to deliver greater value for our customers, shareholders and employees.”
About
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow's technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of
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Source: IR-KEYS
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EDITORIAL CONTACT:
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