{"id":24291,"date":"2021-05-13T05:41:13","date_gmt":"2021-05-13T05:41:13","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/ahead-of-dells-spin-out-vmware-appoints-longtime-exec-raghu-raghuram-as-its-new-ceo.html"},"modified":"2021-05-13T05:41:13","modified_gmt":"2021-05-13T05:41:13","slug":"ahead-of-dells-spin-out-vmware-appoints-longtime-exec-raghu-raghuram-as-its-new-ceo","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/ahead-of-dells-spin-out-vmware-appoints-longtime-exec-raghu-raghuram-as-its-new-ceo.html","title":{"rendered":"Ahead of Dell\u2019s spin out, VMware appoints longtime exec Raghu Raghuram as its new CEO"},"content":{"rendered":"

Five months after it was announced<\/a> that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed a permanent successor. Raghu Raghuram \u2014 a longtime employee of the company \u2014 has been appointed the new CEO.<\/a> He will be taking on the new role on June 1. Until then, CFO Zane Rowe will continue in the role in the interim.<\/p>\n

Raghuram has been with the company for 17 years in a variety of roles, most recently COO of products and cloud services. He\u2019s also held positions at the company overseeing areas like data centers and VMware\u2019s server business. Putting a veteran at the helm sends a clear message that VMware has picked someone clearly dedicated to the company and its culture. No drama here.<\/p>\n

Indeed, the move is coming at a time when there is already a lot of other change underway and speaks to the company looking for stability and continuity to lead it through that. About a month ago, Dell confirmed<\/a> long-anticipated news that it would be spinning out its stake in VMware in a deal that\u2019s expected to bring Dell at least $9 billion \u2014 putting to an end a financial partnership that initially kicked off with an eye-watering acquisition of EMC in 2016<\/a>. That partnership will not end the strategic relationship, however, which is set to continue and now Raghuram will be in charge of building and leading.<\/p>\n

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Dell is spinning out VMware in a deal expected to generate over $9B for the company<\/a><\/p>\n<\/blockquote>\n

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For that reason, you might look at this as a deal nodded through significantly by Dell.<\/p>\n

\u201cI am thrilled to have Raghu step into the role of CEO at VMware. Throughout his career, he has led with integrity and conviction, playing an instrumental role in the success of VMware,\u201d said Michael Dell, chairman of the VMware board of directors, in a statement. \u201cRaghu is now in position to architect VMware\u2019s future, helping customers and partners accelerate their digital businesses in this multicloud world.\u201d<\/p>\n

Raghuram has not only been the person overseeing some of VMware\u2019s biggest divisions and newer areas like software-defined networking and cloud computing, but he\u2019s had a central role in building and driving strategy for the company\u2019s core virtualization business, been involved with MA and, as VMware points out, \u201ckey in driving partnerships with Dell Technologies,\u201d among other partners.<\/p>\n

\u201cVMware is uniquely poised to lead the multicloud computing era with an end-to-end software platform spanning clouds, the data center and the edge, helping to accelerate our customers\u2019 digital transformations,\u201d said Raghuram in a statement. \u201cI am honored, humbled and excited to have been chosen to lead this company to a new phase of growth. We have enormous opportunity, we have the right solutions, the right team and we will continue to execute with focus, passion and agility.\u201d<\/p>\n

The company also took the moment to update on guidance for its Q1 results, which will be coming out on May 27. Revenues are expected to come in at $2.994 billion, up 9.5% versus the same quarter a year ago. Subscription and SaaS and license revenue, meanwhile, is expected to be $1.387 billion, up 12.5%. GAAP net income per diluted share is expected to be $1.01 per diluted share, and non-GAAP net income per diluted share is expected to be $1.76 per diluted share, it said.<\/p>\n

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Once VMware is free from Dell, who might fancy buying it?<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/BhP5j0Mov9M\/<\/p>","protected":false},"excerpt":{"rendered":"

Five months after it was announced that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-24291","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t