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MarketScreener Homepage  >  Equities  >  Nyse  >  VMware, Inc.    VMW

VMWARE, INC.

(VMW)
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VMware : Launches CEO Search as Gelsinger Leaves for Intel

01/13/2021 | 10:26am EST

By Colin Kellaher

VMware Inc. on Wednesday said its board launched a search for a new chief executive after Pat Gelsinger resigned to take the helm at chip giant Intel Corp.

The Palo Alto, Calif., enterprise software company said Zane Rowe, its chief financial officer, will step in as interim CEO when Mr. Gelsinger leaves on Feb. 12.

Mr. Gelsinger, who has been CEO of VMware since September 2012, will replace Bob Swan as Intel CEO on Feb. 15, returning to the company where he began his career. Mr. Gelsinger spent 30 years at Intel and served as the chip maker's first chief technology officer.

Intel on Wednesday announced the ouster of Mr. Swan in a surprise move after activist hedge fund Third Point LLC urged sweeping changes at the company.

VMware said Mr. Gelsinger will remain on its board.

Shares of VMware were down 5.4% to $135.18 in early trading Wednesday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

01-13-21 1025ET

Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -9.29% 56.66 Delayed Quote.25.37%
VMWARE, INC. 0.31% 134.5 Delayed Quote.-4.11%
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Financials (USD)
Sales 2021 11 707 M - -
Net income 2021 1 700 M - -
Net Debt 2021 1 445 M - -
P/E ratio 2021 33,4x
Yield 2021 -
Capitalization 56 460 M 56 460 M -
EV / Sales 2021 4,95x
EV / Sales 2022 4,36x
Nbr of Employees 29 450
Free-Float 19,2%
Chart VMWARE, INC.
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VMware, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends VMWARE, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 171,37 $
Last Close Price 134,50 $
Spread / Highest target 50,2%
Spread / Average Target 27,4%
Spread / Lowest Target 4,09%
EPS Revisions
Managers and Directors
NameTitle
Patrick P. Gelsinger Chief Executive Officer & Director
Michael Saul Dell Chairman
Sanjay J. Poonen Chief Operating Officer-Customer Operations
Zane C. Rowe Chief Financial Officer & Executive Vice President
Baskaran G. Iyer Chief Information Officer & Senior Vice President
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1st jan.Capitalization (M$)
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