VMware has hired a former Microsoft executive to be its new CFO.
VMware on Tuesday unveiled the appointment of Jonathan Chadwick as its new CFO when it announced third-quarter 2012 financial results.
For the quarter, VMware reported total revenue of $1.13 billion, up 20 percent over last year. Income for the quarter reached $157 million, down from the $178 million it reported last year.
Chadwick will replace Mark Peek, VMware's former CFO, who left the company in June.
Chadwick brings a wealth of financial experience to virtualization and cloud software developer VMware, including a stint at arch-rival Microsoft, where he most recently served as corporate vice president of Microsoft and CFO of Skype.
Prior to Microsoft, Chadwick was executive vice president and CFO at McAfee, and served a few different financial roles at Cisco Systems.
At VMware, Chadwick will report directly to CEO Pat Gelsinger, who in July took over that role from former CEO Paul Maritz.
Gelsinger, in a prepared statement unveiling the quarterly financial report and the appointment of Chadwick as VMware's new CFO, said, "As we refine and accelerate VMware’s market and innovation strategy, we are squarely focused on delivering increasing value to our customers and shareholders. Jonathan’s tremendous talent and experience in financial controls, business operations and strategic planning will be foundational to these efforts, and we warmly welcome him to the leadership team."
PUBLISHED OCT. 23, 2012