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NetApp CEO Tom Georgens steps down

Published 06/01/2015, 04:35 PM
© Reuters. Tom Georgens, CEO of NetApp Inc., speaks during the Reuters Global Media and Technology Summit in London
NTAP
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(Reuters) - Data storage equipment maker NetApp Inc (NASDAQ:NTAP) said Tom Georgens had stepped down as chairman and chief executive.

George Kurian, NetApp's executive vice-president of product operations, will replace Georgens as CEO.

Lead independent director Mike Nevens has been elected chairman.

The company reported fourth-quarter results below analysts' estimates in May, hurt by lower sales to original equipment manufacturers.

© Reuters. Tom Georgens, CEO of NetApp Inc., speaks during the Reuters Global Media and Technology Summit in London

NetApp had also said it was cutting about 500 jobs.

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