WVU renames business college after former Cisco CEO

MONONGALIA COUNTY, W.Va (WDTV) - West Virginia University's College of Business and Economics will now be known as the John Chambers College of Business and Economics.

Former Cisco CEO and Chairman John Chambers, a WVU alumnus, has donated a gift of 'time, talent, and treasure' to the University to support a newly announced start-up engine.

Chambers' gift will include financial support to build out and operate a start-up engine, create philanthropic venture capitals, and create a Center for Artificial Intelligence Management.

While at Cisco, Chambers helped grow the company from $70 million in 1991 to almost $50 billion by the time he left in 2015.

At the announcement, Chambers said giving back is a huge part of the importance of life, and is an obligation for those who are successful.

"Today is about the future," said Chambers. "How do we change a great state and make West Virginia better? How do we dream about what's possible? Can we build a generation of start-ups and be role models for the rest of the nation, and not as slow followers for what others have done. I'm honored to be an integral part of the business school."