NetApp Strengthens Board of Directors
Sunnyvale, Calif. - March 10, 2008 --
NetApp (NASDAQ: NTAP) today announced that it has expanded its
board of directors. NetApp chief executive officer Dan Warmenhoven
is the company's new chairman, assuming the position held by Don
Valentine since 1994. Valentine remains on the board in the newly
created position of lead independent director. In addition, NetApp
president and chief operating officer Tom Georgens joins the
company's board of directors. Georgens will be the 11th member of
the NetApp board. Both Warmenhoven and Georgens will continue to
hold their current executive positions within the company. The new
board changes are effective immediately.
"I would like to express our appreciation to
Don Valentine for his 14 years as chairman of the board of
directors and the leadership he provided during that period to help
us grow from a small, private company to an industry leader," said
Dan Warmenhoven, NetApp chairman and CEO. "Don has been a mentor to
me and a tremendous resource for the executive team. I am honored
to succeed him as the new chairman and am very pleased that Don
will be continuing on the board in the role of lead independent
director. I am also excited to announce that Tom Georgens has been
elected by the board as a director of the company. In his new role
as president and chief operating officer, we are eager to have Tom
contribute at the board level. We are clearly building for the
future and strengthening our management ranks. This is an exciting
time for NetApp."
Dan Warmenhoven is the chairman and chief executive officer of
NetApp, a leader in enterprise data management and open networked
storage solutions. Under Warmenhoven's leadership, NetApp has grown
to become a multibillion-dollar company and is a recognized market
leader in networked storage-a concept the company pioneered.
Warmenhoven joined NetApp in October 1994 and
led the company's initial public offering in November 1995. Today,
NetApp is included in both the S&P 500 and NASDAQ 100 indexes
and has been ranked as one of FORTUNE magazine's 100 Best
Companies to Work For in America. In 2007, NetApp also ranked as
one of FORTUNE magazine's Most Admired Companies and was
included on the "400 Best Big Companies in America" list by
Warmenhoven received an honorary degree from
Santa Clara University in June 2007 for his dedication to global
business and technology leadership. In 2006, Warmenhoven was named
one of the 50 Most Powerful People in Networking by Network
World. In 2004, he also won the prestigious National Ernst
& Young Entrepreneur of the Year award, and in 2001
BusinessWeek named Warmenhoven as one of its Top 25
Managers for the year.
Previously, Warmenhoven served as chairman,
president, and CEO of Network Equipment Technologies (N.E.T.), a
telecommunications manufacturer. He is a veteran of Hewlett-Packard
Co. (HP), where he held senior management positions, including
general manager of the Information Networks group. Prior to HP,
Warmenhoven was a 13-year veteran of IBM Corporation.
Warmenhoven holds a bachelor of science
degree in electrical engineering, with honors, from Princeton
Donald T. Valentine has been a director of the company and chairman
of the board of directors since September 1994. Valentine has been
a general partner of Sequoia Capital, a venture capital firm, since
1972. He is also the chairman of the board of diCarta, Inc. and
serves on the board of directors of Traiana.
Tom Georgens is the president and chief operating officer of NetApp
and has responsibility for all product operations and field
Georgens joined NetApp in October 2005 and
served as the company's executive vice president of Product
Operations from January 2007 until February 2008. Previously he
served as NetApp's executive vice president and general manager of
Enterprise Storage Systems.
Before joining NetApp, Georgens spent nine
years at Engenio, a subsidiary of LSI Logic, the last two years as
CEO. He also served in various other positions, including president
of LSI Logic Storage Systems and executive vice president of LSI
Logic. At Engenio, he built the business into a successful OEM
storage provider for companies such as IBM, Sun Microsystems,
StorageTek, Silicon Graphics, and NCR.
Prior to Engenio, Georgens spent 11 years at
EMC in a variety of engineering and marketing positions.
Georgens holds a bachelor of science degree
and a master of engineering degree in computer and systems
engineering from Rensselaer Polytechnic Institute as well as a
master of business administration degree from Babson College.
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