Cisco Chairman's Compensation Was $19.6 Million

Cisco Systems Inc.'s chairman and former chief executive, John T. Chambers, received a total compensation package valued at $19.6 million for the fiscal year that ended in July.

The total marked a 19% increase from the nearly $16.5 million package he received the previous year. The increase was mostly related to stock awards and nonequity incentive plan compensation to reflect the company's improved performance from the prior year, according to a filing with the U.S. Securities and Exchange Commission.

Mr. Chambers stepped down as CEO is July, ending a 20-year run at the helm of the networking-equipment company. He was succeeded by Cisco veteran Chuck Robbins, a senior vice president that had specialized in sales and relationships with customers.

Mr. Chambers arrived at Cisco in 1991, and took over as CEO in 1995, spearheading an extraordinary growth phase. Snapping up many smaller companies, he moved Cisco from its pioneering stronghold in Internet devices known as routers into switching systems and the home, placing Cisco at most important junctions of the Web.

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(END) Dow Jones Newswires

September 30, 2015 20:55 ET (00:55 GMT)

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