NetApp Announces Changes to Board of Directors
April 07 2014 - 8:30AM
Marketwired
NetApp Announces Changes to Board of Directors
SUNNYVALE, CA--(Marketwired - Apr 7, 2014) - NetApp, Inc.
(NASDAQ: NTAP), a global leader in providing storage and data
management solutions, today announced several changes to its board
of directors.
After a twenty-year career at NetApp, where he served previously
as CEO and currently as chairman of the board, Dan Warmenhoven has
decided to retire from his position and will not seek re-election.
Warmenhoven will serve out his current term on the board until the
Company's Annual Meeting of Stockholders in September 2014. Tom
Georgens, CEO of NetApp, has been elected chairman of the board and
assumes the associated duties effective immediately.
"I want to express my deep appreciation for Dan's many
contributions as chairman of the board at NetApp," said Georgens.
"Dan's extensive experience has been instrumental to our ongoing
efforts to deliver enhanced value to our shareholders. His
leadership, commitment and guidance will be missed and I wish him
well in his future endeavors."
"I have greatly appreciated and enjoyed my time leading this
board for NetApp," said Warmenhoven. "During the past twenty years
with NetApp, I am always amazed at the drive and dedication of this
organization to continue to build a model company and deliver
innovative outcomes to partners, customers and shareholders. I look
forward to following NetApp's success well into the future."
Additionally, Nicholas Moore, lead independent director has
announced his intention to retire from the board and will not seek
re-election. Michael Nevens will become lead independent director,
effective immediately. Moore will serve out his current term on the
board until the Company's Annual Meeting of Stockholders in
September 2014, and will facilitate the transition of lead
independent director duties to Nevens.
"I would like to thank Nick for his invaluable contributions
during his twelve years of service as a member of the NetApp board
and our lead independent director," said Georgens. "His dedication
and leadership will be missed and we wish him well. I also
appreciate Mike's willingness to increase his responsibilities on
the board as our new lead independent director."
"I have greatly enjoyed my time with NetApp in service to the
Company and its shareholders," said Moore. "This is an appropriate
time for me to make this transition and I am confident that Mike
will bring wisdom, discipline and value to the board and the
company."
Nevens was appointed to the NetApp board in December 2009. He
serves as a senior advisor to Permira, an international private
equity fund. He also serves on the board of directors of Altera and
Ciena Corporation. Nevens serves on the board of trustees of the
San Jose Museum of Art. He is a member of the Advisory Council of
the Mendoza College of Business at the University of Notre Dame,
where he has been an adjunct professor of Corporate Governance and
Strategy.
About NetApp NetApp creates innovative storage and data
management solutions that deliver outstanding cost efficiency and
accelerate business breakthroughs. Our commitment to living our
core values and consistently being recognized as a great place to
work around the world are fundamental to our long-term growth and
success, as well as the success of our pathway partners and
customers. Discover our passion for helping companies around the
world go further, faster at www.netapp.com.
NetApp, the NetApp logo, Go further, faster, and Data ONTAP are
trademarks or registered trademarks of NetApp, Inc. in the United
States and/or other countries. All other brands or products are
trademarks or registered trademarks of their respective holders and
should be treated as such.
Press Contact: Jodi Baumann Senior Director, Global
Communications 408-822-3974 xdl-uspr@netapp.com
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