(Bloomberg) -- Cisco Systems Inc. appointed company veteran Chuck Robbins chief executive officer to succeed John Chambers, as one of the longest running technology leaders leaves the position about a year ahead of schedule.

Robbins assumes his new post on July 26. Chambers, 65, had said he would step down by the end of the fiscal year that ends in July 2016. Chambers will become executive chairman, the San Jose, California-based company said Monday.

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