Keysight Technologies Announces CEO Succession
SANTA ROSA, Calif.–(BUSINESS WIRE)–Keysight Technologies, Inc. (NYSE: KEYS) today announced that effective May 1, 2022, Satish Dhanasekaran, the company’s current chief operating officer, will become president and chief executive officer and join the board of directors. administration of Keysight. Ron Nersesian, current president and CEO of Keysight, will retire after a long and successful career with the company, but will continue as executive chairman of the board.
“I am incredibly proud of the outstanding results the Keysight team has achieved for customers and shareholders,” Nersesian said. “Looking forward, I am even more confident in Keysight’s future prospects and its ability to drive further value creation given the strength of the company’s differentiated solutions, R&D investments, sales and marketing, management team, balance sheet and culture.”
Nersesian has spent over 30 years with the company and its predecessors. He became President and CEO of Keysight when Agilent Technologies decided to separate from the company in 2013. Since becoming an independent public company in 2014, Keysight has executed its customer-centric solutions strategy. software by focusing on customer success, strengthening its differentiated solutions. portfolio through acquisitions and increased investment in R&D and by improving the sustainability of the business model.
Under Nersesian’s leadership, Keysight’s revenue grew at a compound annual growth rate of 10%, while delivering annualized earnings and free cash flow growth of 18% and 25%, respectively. At the same time and by the end of fiscal 2021, Keysight’s market capitalization has increased sixfold, while providing shareholders with returns nearly four times greater than those of the S&P 500 Index.
“I deeply love Keysight and am confident in its future with Satish as CEO and the outstanding management team and employees in place,” Nersesian said. “Throughout the board succession planning process, Satish’s market expertise, strategic vision and track record of high performance 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 leverage Keysight’s strong momentum to create further value for all stakeholders.
Dhanasekaran began his career at Keysight in 2006. He has served as Chief Operating Officer since 2020, focusing on order growth, increasing annual recurring revenue, and driving business growth initiatives. He oversees Keysight functions that contribute to these goals, including market and technology research; development of new technologies, products and solutions; services; marketing; and sales.
Prior to becoming COO, Dhanasekaran led Keysight’s Communications Solutions Group, the company’s largest business line, which deals with the communications ecosystem, including wireless and wireline, as well as aerospace, defense and government customers. At the head of this company, he succeeded in driving order and revenue growth, increasing margins and increasing its mix of software solutions. At the same time, Dhanasekaran established Keysight’s leadership in 5G and made significant contributions to accelerating technology adoption in other key areas, including 400G, quantum and electromagnetic spectrum operations. He has over 20 years of experience in the communications industry spanning business leadership, product, sales, marketing and business development.
“I am honored that the Board of Directors has chosen me to succeed Ron as President and CEO of Keysight. Keysight’s focus on accelerating innovation to connect and secure the world enables us to seize 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 of it, 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 to our customers, shareholders and employees.
About Keysight Technologies
Keysight provides advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s commitment to speed and accuracy extends to software insights and analytics that bring tomorrow’s technology products to market faster throughout the development lifecycle, in design simulation, validation prototypes, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider, and cloud environments. Our customers span global markets in communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductors and general electronics. Keysight generated $4.9 billion in revenue in fiscal 2021. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com.