Who’s In And Out At VMware A Year After Broadcom Deal Announced?
As some executives raced for the exit once Broadcom said it intended to buy VMware, others have stepped up leading the virtualization all star through months of unknown with the outcome of the deal still in the hands of global regulators.
Broadcom said that it would acquire VMware more than a year ago, and since that time executive talent inside the virtualization all star has ebbed and flowed, with notable departures among senior channel leaders and in the C-suite.
But, like nature, VMware’s leadership structure doesn’t tolerate a vacuum.
VMware board member Karen Dykstra was named as the new CFO in a May 25 announcement and storming in from across the Atlantic Ocean new channel talent has risen, with Ricky Cooper championing a new channel program, while leaping to the finals in his first-ever Channel Madness Tournament of Chiefs this March.
VMware unveiled the next evolution of the VMware Partner Connect program, a unified program for all partner types to accelerate the migration of their customer’s applications to the right cloud, automate and better secure the software supply chain, and manage spending on private and public cloud infrastructures.
In its most recent earnings VMware said its first quarter earnings came in at $3.28 billion, up six percent from last year. Net income for the quarter was $224 million, for earnings per share of .52 cents down 9-percent.
Looming over the momentum of VMware’s channel and the deal with Broadcom, are commercial regulators in the U.S., U.K., and the EU, whose protracted look at the merger has only deepened since Broadcom announced it in May 2022.
The deal cannot close in those regions until it clears regulators. The wait has caused both sides to push the outside date from February to August, with a final outside date possible as far out as November, after the deadline set by Broadcom CEO Hock Tan.
Amid that tumult, CRN has made this guide to who is in and who is out at VMware: