VMware picks an in-house exec for its new CEO
VMware says its COO for products and cloud services, Raghu Raghuram, will be its next permanent CEO, a signal that the company’s board intends to keep VMware on its present course.
When Raghuram takes the reins in June, it will end a four-month interregnum, during which the company has been helmed by CFO Zane Rowe. Former CEO Pat Gelsinger became the CEO at Intel in February, returning to the company where he had worked for 30 years.
VMware is the unquestioned 800-pound gorilla of the enterprise hypervisor market and has pursued both internal technology development and a succession of strategic acquisitions to diversify its business. The company’s hypervisor business, buttressed by deals with AWS, Azure, Google Cloud and other hyperscalers to provide its core products as cloud services, is still the main revenue stream. But VMware also plays in security, containerization, and cloud-native applications.