Don Valentine Retiring from NetApp Board of Directors
SUNNYVALE, Calif. - May 26,
2010 - NetApp (NASDAQ: NTAP) today announced that Don
Valentine will not stand for reelection to the company's board of
directors at the Annual Meeting of Shareholders in August 2010. Mr.
Valentine has served as a member of the board since September 1994.
He served as chairman of the board from September 1994 until March
2008. He is also a member of the Corporate Governance and
"On behalf of the company and the board of
directors, I would like to thank Don for his distinguished service
and invaluable contributions," said Dan Warmenhoven, chairman of
the board of directors of NetApp. "Don has been a valuable member
of the NetApp board since the company was a start-up, and his
business expertise, important insights, and belief in our culture
have made a tremendous impact on our company. NetApp and its
shareholders have benefited greatly from his counsel in his16 years
on the board."
During Mr. Valentine's tenure on the board of
directors, NetApp has grown from a small, private company to a
global industry leader with $3.9 billion in annual revenues and
more than 8,000 employees worldwide.
"It has been an incredible journey to be a
part of the history of NetApp," said Don Valentine, general partner
of Sequoia Capital. "I am honored to have worked with such an
outstanding group of people and be a part of building a great
company, which I know is poised for continued success."
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and deliver outstanding cost
efficiency. Discover NetApp's passion for helping companies around
the world go further, faster at www.netapp.com.
NetApp, the NetApp logo, and Go further,
faster are trademarks or registered trademarks of NetApp, Inc. in
the United States and/or other countries. All other brands or
products are trademarks or registered trademarks of their
respective holders and should be treated as such.