New NetApp CEO takes reins as strong results announced

Dan Warmenhoven quits after 15 years, COO Georgens becomes CEO

NetApp has appointed Tom Georgens as CEO, succeeding Dan Warmenhoven, who led the company as CEO for the past 15 years. The transition is effective immediately, and is the result of a management succession process, NetApp says. Georgens, 49, has been president and chief operating officer and a member of the Board of Directors since February 2008. He joined NetApp in October 2005 as executive vice president and general manager of Enterprise Storage Systems and was named executive vice president of Product Operations in January 2007. Warmenhoven, 58, will continue as chairman of the company’s board of Directors. He also assumes the role of executive chairman, a newly created position to help build and expand relationships with certain strategic partners around the world, including service providers and key technology partners, according to a statement from NetApp. In the statement, Warmenhoven is quoted as saying: “Looking back, I am very proud that NetApp has achieved a leadership position in the storage market and now look forward to supporting Tom as he takes the company through the next stages of growth in a new era for the information technology industry”. Georgens is quoted as saying: “I am excited about leading NetApp forward at a time when the IT industry is at a critical inflection point that will create tremendous opportunities and inevitable challenges. We are committed to creating success for our customers and partners in this changing market environment.” NetApp has also reported its latest quarterly results, with revenue for the quarter ended July 31 down 4% on the same period last year, but net income up to $US52 million, up from $US35 million a year ago.

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