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Feb 16, 2007 10:29 pm US/Pacific
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McCain Taps Cisco CEO As Adviser In 2008 Bid
SAN JOSE (AP) ―
Sen. John McCain has tapped John Chambers, the chairman and chief executive of technology giant Cisco Systems Inc., to serve as the national co-chair and economic and technology adviser of his presidential exploratory committee.
The Arizona Republican said this week that Chambers is a respected leader in global business who will help engage voters on issues of technology and economic growth.
"His knowledge and dedication to improving our global economy is commendable," McCain said in a statement. "I look forward to working with John to establish a dialogue with citizens nationwide about how we can best harness innovation and technology to grow our economy."
Chambers previously served on the education committee of President Bush's transition team and an advisory council on the nation's infrastructure. He also worked on a trade policy committee under former President Bill Clinton.
Cisco is the world's largest networking equipment maker and Silicon Valley's most richly valued company, with a market capitalization of $167 billion.
The company makes the routers and switches that direct data traffic over computer networks, and is profiting mightily from major network upgrades as the need for more bandwidth grows worldwide.
The announcement emphasized that Chambers, who became Cisco's chief executive in 1995, is endorsing McCain as an individual and not on behalf of the company.
"I believe John McCain is the right leader to move America forward," Chambers said. "He understands the value that technology contributes to economic prosperity and growth. I look forward to helping Senator McCain promote his vision for a strong, competitive, and innovative nation."
(© 2007 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)