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VMware’s Lawsuit Against Nutanix CEO: 5 Big Things To Know

‘For at least two months before resigning from the company, at the same time he was working with senior leadership to shape VMware’s key strategic vision and direction, Mr. Ramaswami also was secretly meeting with at least the CEO, CFO, and apparently the entire Board of Directors of Nutanix,’ says VMware in its lawsuit against Nutanix CEO Rajiv Ramaswami.

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Ramaswami ‘Failed To Honor His Fiduciary And Contractual Obligations’ To VMware

VMware has initiated legal proceedings in the Superior Court of the State of California, County of Santa Clara, against Ramaswami for what it alleges are material and ongoing breaches of contractual duties and obligations, according to the lawsuit.

The Palo Alto, Calif.-based company is suing its former COO for failing “to honor his fiduciary and contractual obligations,” according to VMware.

“For at least two months before resigning from the company, at the same time he was working with senior leadership to shape VMware’s key strategic vision and direction, Mr. Ramaswami also was secretly meeting with at least the CEO, CFO, and apparently the entire Board of Directors of Nutanix, Inc. to become Nutanix’s Chief Executive Officer,” said VMware in a statement in conjunction with the litigation filing. “He joined Nutanix as its CEO only two days after leaving VMware.”

Ramaswami officially left VMware on Dec. 7, 2020. He was announced as Nutanix’s new CEO on Dec. 9.

VMware also alleges conflict of interest and said Ramaswami exhibited “poor judgement.”

“Mr. Ramaswami demonstrated poor judgement and had a clear and extended period of conflict of interest. He should have disclosed this conflict of interest to VMware so that the company could have taken steps to protect itself. But he did not notify VMware, and thus deprived the company of the ability to do so by concealing his Nutanix-related activities,” said VMware.

 
 
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