VMware Board of Directors Initiates Search for Chief Executive Officer
January 13 2021 - 9:53AM
Business Wire
Pat Gelsinger to Depart to Become CEO of
Intel; Zane Rowe to Serve as Interim CEO
VMware, Inc. (NYSE: VMW), a leading innovator in enterprise
software, today announced that its Board of Directors has initiated
a search for a new chief executive officer (CEO) following a
decision by Pat Gelsinger to step down from the position, effective
February 12, 2021, to lead Intel as its new CEO. Gelsinger
previously spent 30 years at Intel serving in various leadership
roles, including chief technology officer. Zane Rowe, VMware’s
chief financial officer, has been appointed Interim CEO. Gelsinger
will continue to serve on the VMware Board of Directors.
“I speak for the VMware Board of Directors, executive management
and employees in expressing our gratitude to Pat for his leadership
at VMware, and we are thrilled to keep him on as a member of the
Board,” commented Michael Dell, VMware Chairman of the Board. “As
CEO for the past eight years, Pat led the company’s tremendous
growth and expansion and built a solid foundation for future
innovation. Zane has been a key strategic partner to Pat during
this time of growth. His deep knowledge of the company and strong
relationships will lead the team well through the transition
period.”
“It has been the honor of my lifetime to serve as the CEO of
VMware. We have transformed the global technology landscape for the
better, and I am confident that the company will continue to excel
as they enable customers with the digital foundation for an
unpredictable world,” said Pat Gelsinger, VMware CEO. “My sincere
and heartfelt thanks to Team VMware, our customers, and our
partners for some of the most rewarding years of my career."
“Pat led the company in expanding our core virtualization
footprint and broadening our capabilities to cloud, networking,
5G/edge and security, while almost tripling revenue to nearly $12
billion,” said Zane Rowe, VMware CFO and Interim CEO. “VMware
remains focused on helping customers optimize their digital
infrastructure – from app modernization and multi-cloud to
networking, security and digital workspaces. We look forward to
continued growth and innovation across our technology
offerings.”
VMware’s Board of Directors is initiating a global executive
search process to name a permanent CEO, led by Paul Sagan, Lead
Independent VMware Board Member and Chair of the Compensation and
Corporate Governance Committee. “VMware’s business is in good hands
with a proven, experienced management team, and the company’s
strategic priorities are aligned with what enterprise customers
require in these unprecedented times,” commented Sagan.
About VMware
VMware software powers the world’s complex digital
infrastructure. The company’s cloud, app modernization, networking,
security, and digital workspace offerings help customers deliver
any application on any cloud across any device. Headquartered in
Palo Alto, California, VMware is committed to being a force for
good, from its breakthrough technology innovations to its global
impact. For more information, please visit
https://www.vmware.com/company.html
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version on businesswire.com: https://www.businesswire.com/news/home/20210113005625/en/
Michael Thacker VMware Global Communications
mthacker@vmware.com
Sandra Kerrigan VMware Investor Relations
skerrigan@vmware.com
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