After 15 years as CEO – practically an eternity in the storage business – NetApp’s Dan Warmenhoven stepped down today and named Tom Georgens his successor.
The move was anticipated since NetApp promoted Georgens to COO and president in February 2008, yet Warmenhoven had given no timeframe for his retirement. He will stay on as executive chairman “to help build and expand relationships with certain strategic partners around the world, including service providers and key technology partners,” according to NetApp’s news release.
“I am honored to follow in Dan’s footsteps,” Georgens said in the release. “In just 15 years, NetApp has grown from a $14 million startup with 45 employees into a recognized market leader in networked storage and data management with $3.4 billion in annual revenues and approximately 8,000 employees around the world. Dan also helped to cultivate a unique corporate culture, which has resulted in NetApp consistently being recognized as a great place to work.”
Warmenhoven’s final months were a bit rocky, as NetApp got outbid by its chief rival EMC for data deduplication backup specialist Data Domain. NetApp said it would buy Data Domain last May for $1.5 billion, but EMC eventually acquired Data Domain for $2.1 billion. NetApp did rally from a sales perspective at the end for Warmenhoven, though, and today reported better than expected $838 million in revenue last quarter during rough financial times.
Georgens joined NetApp as head of its Enterprise Storage Systems group in Oct. 2005. He was previously CEO of LSI’s Engenio storage systems division for two years and spent 11 years at EMC.