John Chambers replaces MasterCard CEO as USIBC Chairman

MUMBAI, INDIA: Former CEO and current Executive Chairman of the largest networking company Cisco Systems, John Chambers, has been elected as the new chairman of the US India Business Council (USIBC).

USIBC is the apex advocacy group for India and American companies in the US. A formal announcement in this regard was made at the USIBC’s 40th Anniversary Leadership Summit that kicked off the US-India Strategic and Commercial Dialogue yesterday.

The transition will come at the end of a four-year term of Ajay Banga, President and CEO of MasterCard.

“John will be building on USIBC’s 40-year legacy which we’re celebrating tonight. We look forward to working with John and supporting him as his tenure officially begins the first of next year,” said Banga through a video message.

“As a long-time supporter of USIBC, I have witnessed the Council’s influence rise dramatically as a direct result of the leadership provided by current chairman, Banga, and former chairs such as Terry McGraw and Indira Nooyi,” said Chambers.

“With Prime Minister Narendra Modi’s upcoming visit to the Silicon Valley, the important focus on building a digitally empowered nation through Digital India and the on-going strategic and commercial dialogue it is an exciting time to join the Council,” he said.