VMware Inc. has named its co-Chief Operating Officer Raghu Raghuram as its new Chief Executive Officer. Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc., which last month said it would spin off its 81percent stake in the cloud computing giant in exchange for a special cash dividend of $9.7 BN. Raghuram’s predecessor, Pat Gelsinger, was named Intel Corp.’s chief executive in February.
The changes in the company’s top brass came as VMware and parent company Dell Technologies begin the process of splitting into two independent companies.
“I 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,” ZDNet quoted VMware chairman and Dell CEO Micheal Dell on Raghuram’s appointment.
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Meanwhile, the virtualization firm announced preliminary first-quarter results for fiscal 2022. VMware expects quarter one revenue to be $2.994 billion, which is an increase of 9.5 percent from the corresponding period, with a non-GAAP net income of $1.76 per share.
