It’s some slightly old news, but I recently read a few articles on VMWare and their new CEO that are worth mentioning.
On July 8, VMWare (VMW) simultaneously announced the abrupt replacement of co-founder and CEO Diane Greene and reduced their sales outlook. In response, the stock dropped 24% to around $40 per share. It had long been known that there was friction between Diane Greene and EMC CEO Joe Tucci. Nonetheless, both announcements were taken as negatives for the future of VMWare.
Shares have fallen further over the course of the past month to the current level of around $35 per share.
With the dust somewhat settled, take a look at ValleyWag’s take on the new CEO Paul Maritz. The ousted former Microsoft exec is described as “fearsome, and deservedly hated by enemies.” Compare that to tame descriptions of former CEO Diane Greene as “technically oriented” and a “stickler for details.”
Who would you rather have at the helm as the company faces off against Microsoft?
Business Week also runs this story with a positive bent on Maritz as well as mention of VMWare’s “immense” opportunity to benefit from the rising use of cloud technology.
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