Change at the Top for NetApp
Network storage vendor NetApp has named a new CEO. President and Chief Operating Officer Tom Georgens is replacing CEO and board chairman Dan Warmenhoven, reports eWEEK.
Warmenhoven, CEO for 14 years, will remain in the new role of executive chairman. Georgens will remain president.
The company also announced net profit rose to $51.7 million, or 15 cents per share, in its most recent quarter, compared to $34.7 million, or 10 cents, a year earlier. Revenue fell 4 percent to $838 million, but still beat analysts’ expectations, according to Reuters.
During its earnings call, Georgens addressed its acquisition of Data Domain and said, “Cloud computing will have a dramatic impact on us.” He said the company is uniquely positioned to take advantage of the trend.