Globus Maritime Limited regains Compliance with NASDAQ’s Minimum Closing Bid Price
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VMware CEO Pat Gelsinger addresses a news conference in Tokyo July 15, 2014. REUTERS/Yuya Shino (Thomson Reuters) VMware CEO Pat Gelsinger On Tuesday, VMware announced its President and COO Carl Eschenbach is leaving the company , marking the second top executive to step down in the past week, and the latest in a series of departures at the company. Eschenbach will join Sequoia Capital as a partner. VMware didnt announce his replacement. The news comes just a week after VMwares former senior VP Martin Casado left to join Andreessen Horowitz as a general partner. A month before that, in January, VMware announced its CFO/COO Jonathan Chadwick was leaving the company. Meanwhile, VMware also promoted four of its top executives to take on broader roles today. Maurizio Carli has been promoted to executive VP of worldwide sales, while Peter McKay will now head up its field sales team in the US. Ray OFarrell, the current CTO, will also be in charge of VMwares Global Services and Customer Advocacy group. Sanjay Poonen, the executive VP and general manager of the End-User Computing group, will oversee the companys worldwide marketing and communications group as well. The management shake-up comes ahead of the proposed $67 billion mega-merger deal between Dell and VMwares parent company EMC, who holds about 80% share in the server virtualization company. Just last week, the deal was approved by US regulators . VMware is also downsizing with nearly 800 job cuts announced last month. It also gave lowered revenue guidance for 2016 in its latest earnings. NOW WATCH: This model was dropped from her agency for her size—now shes the face of Victorias Secrets top competitor More From Business Insider Workday says its displacing Oracle software, as it hits first-ever $1 billion annual sales Investor who wants to get Yahoo CEO Marissa Mayer fired explains why his plan would work This engineer replaced his 4 monitors with Meta glasses — and it might be the future of work View comments
Empowering Future Entrepreneurs: The Essential Teachings
Discover the vital lessons we must impart to the entrepreneurs of tomorrow for a more responsible and impactful future.