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Diane Greene out as president and CEO of VMware


By Robert Mullins
July 8, 2008 — 
Diane Greene, who shepherded VMware from its days as a division of EMC into a separate public company and a leader in the market for computer virtualization, is out as president and CEO. She is being replaced by an executive of VMware’s parent company, EMC.

VMware, in a news release today, said that Paul Maritz, president of EMC’s Cloud Division, is replacing Greene immediately. The Cloud division of EMC was born out of the company’s acquisition earlier this year of Pi Corp., which Maritz founded in 2003. Pi focused on building cloud-based solutions for new ways of doing personal information management. Maritz retired from Microsoft in 2000 after 14 years. He will also sit on VMware’s board.

EMC still owns 86% of VMware, but spun off 14% of it as a public company in one of the most successful IPOs of 2007. On Tuesday, the price of VMware shares on the New York Stock Exchange opened down and stayed down from its close on Monday at US$53.19. Its Tuesday high price was $42.14 and its low was $36.51. It closed at $40.19, losing roughly one-fourth of its value from Monday.

“As one of the founders and the leader of VMware, Diane guided the creation and development of a company that is changing the way that people think about computing," said VMware chairman Joe Tucci said in a prepared statement. “The board thanks her for her considerable contributions to VMware and wishes her every success in the future.”

VMware took an early lead in the market for virtualization, with more than an 80% market share among virtualized machines, but faces competition from such companies as Microsoft, which released its Hyper-V virtualization hypervisor last month, and Citrix, which acquired XenSource, the creator of an open-source hypervisor, in 2007.


Related Search Term(s): Virtualization, VMware


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