Keysight Technologies named Satish Dhanasekaran as its next President and CEO, effective May 1, placing Ron Nersesian, who is retiring but who will continue as Executive Chairman of the Board.
Chief Executive Officer of Keysight when Agilent Technologies decided to spin-out the business in 2013. Under Nersesian’s leadership, Keysight’s revenues have increased at a ten percent compound annual growth rate, while generating annualized earnings and free cash flow growth of eighteen percent and twenty-five percent, respectively. At the same time and as of the end of fiscal year 2021, Keysight’s market capitalization has increased six-fold, while delivering shareholder returns nearly four times that of the S&P 500 Index.
Dhanasekaran began his career at Keysight in 2006. He has been Chief Operating Officer since 2020, focused on growing orders, increasing annual recurring revenue and driving the company’s growth initiatives. He oversees the Keysight functions that contribute to these objectives, including market and technology research; development of new technologies, products, and solutions; services; marketing; and sales.
“Keysight has a very bright future ahead, 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 for our customers, shareholders and employees.”
“I am incredibly proud of the exceptional results that the Keysight team has achieved for customers and shareholders,” said Nersesian. “Looking ahead, I am even more confident in Keysight’s future prospects and ability to drive further value creation given the strength of the company’s differentiated solutions, R&D investments, sales and marketing engines, leadership team, balance sheet, and culture.”
