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VMWARE, INC.

(VMW)
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VMware Names Rangarajan Raghuram Chief Executive

05/12/2021 | 08:40am EDT

By Colin Kellaher

VMware Inc. on Wednesday said it has tapped company veteran Rangarajan Raghuram as chief executive to replace Pat Gelsinger, who left the enterprise-software company to take the top post at chip giant Intel Corp.

VMware said Mr. Raghuram, who has been chief operating officer of products and cloud services since October 2016, will become CEO and join the board on June 1.

Mr. Raghuram, 58 years old, joined the Palo Alto, Calif., company in 2003.

Zane Rowe, who stepped in as interim CEO when Mr. Gelsinger left in February, will return to his role as executive vice president and chief financial officer, the company said.

VMware also said Sumit Dhawan, currently senior vice president and chief customer officer, will now serve as president, leading all go-to-market functions. Mr. Dhawan joined the company in 2013.

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

(END) Dow Jones Newswires

05-12-21 0839ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.76% 33876.97 Delayed Quote.8.77%
INTEL CORPORATION 0.36% 55.87 Delayed Quote.11.74%
VMWARE, INC. 1.83% 157.34 Delayed Quote.10.17%
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Financials (USD)
Sales 2022 12 830 M - -
Net income 2022 1 652 M - -
Net Debt 2022 1 867 M - -
P/E ratio 2022 39,4x
Yield 2022 -
Capitalization 65 915 M 65 915 M -
EV / Sales 2022 5,28x
EV / Sales 2023 4,65x
Nbr of Employees 32 300
Free-Float 19,0%
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Technical analysis trends VMWARE, INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 175,96 $
Last Close Price 154,52 $
Spread / Highest target 30,7%
Spread / Average Target 13,9%
Spread / Lowest Target 1,60%
EPS Revisions
Managers and Directors
NameTitle
Rangarajan Govind Raghuram Chief Executive Officer & Director
Sumit Dhawan President
Zane C. Rowe Chief Financial Officer & Executive Vice President
Michael Saul Dell Chairman
Greg Lavender Chief Technology Officer & Senior Vice President
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