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Former Cisco Exec Charles Giancarlo Takes Over As Pure Storage CEO

Current CEO Scott Dietzen will remain chairman of the company's board of directors.

Fast-growing all-flash storage array vendor Pure Storage on Thursday said its CEO Scott Dietzen was stepping down from that role and being replaced by Charles Giancarlo.

The CEO change-over is effective Thursday, the company said. A Pure Storage spokesperson told CRN that Giancarlo (pictured) officially joined the company on Thursday.

Dietzen has been appointed chairman of the board for Pure Storage.

[Related: CRN Exclusive: Pure Storage CEO On Fast-Changing All-Flash Storage Business And Competing With Giants]

The leadership transition was announced when Pure Storage reported its second fiscal quarter 2018 financial results. The company reported revenue for the quarter, which ended July 31, of $224.5 million, up 38 percent over the $163.2 million it reported for the second fiscal quarter 2017. That was about 3 percent ahead of the company's guidance midpoint.

The company also reported a net loss of $61.7 million, or 29 cents per share, compared to last year's $59.6 million, or 31 cents per share.

Giancarlo previously served in senior executive roles at Silver Lake Partners and Cisco Systems.

Dietzen, in a prepared statement, called Giancarlo an "exceptionally talented leader" with a long record of driving growth and innovation at leading global technology companies.

"As the Board and I planned for an orderly leadership transition, and sought the right CEO to realize and execute the next stage of our vision for Pure Storage, we embarked on a global search a few months ago to identify the best candidates. We have found a leader in Charlie who we expect will continue to drive growth and market leadership with the spirit of innovation and quality our customers and partners count on. Most importantly, we believe Charlie is the best candidate to scale Pure to become a multi-billion dollar global leader in data infrastructure and solutions," Dietzen said in the statement.

Pure Storage was unable to provide additional information at press time.

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