MOUNTAIN VIEW, Calif., Aug. 24, 2017 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the market's leading independent all-flash data platform vendor for the cloud era, today announced that its Board of Directors has named Charles Giancarlo Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Giancarlo previously served in senior executive roles at Silver Lake Partners and Cisco Systems, Inc. Mr. Giancarlo succeeds Scott Dietzen who is stepping down from his role as CEO and has been appointed Chairman of the Board.
"Charlie is an exceptionally talented leader with a three-decade track record of driving growth and innovation at leading global technology companies," said Mr. Dietzen. "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."
"I am thrilled to join Pure Storage at such an exciting time in the Company's history," said Mr. Giancarlo. "Dietz has done a tremendous job positioning the Company for long-term success, and Pure is in a great position to continue gaining market share across its three growth segments: its data platform for cloud, accelerating data-driven applications like artificial intelligence and Internet of Things, as well as helping enterprises that are seeking to derive more value from their data. I look forward to joining this great team to help create the preeminent data innovation company, expand our growth opportunities and enhance value for all stakeholders."
Mr. Dietzen added, "I am honored to have helped lead the incredibly talented Pure Storage team for the last seven years, and I am proud of all that we have collectively accomplished. We have grown revenues more than 2.5 times since our IPO and continue to raise the bar with our differentiated business model, continuous Evergreen innovation and market-leading customer satisfaction. I look forward to continuing to serve on the Pure Storage Board as Chairman and supporting Charlie through this transition and beyond."
Mr. Giancarlo, 59, previously served as Managing Director, Head of Value Creation and later Senior Advisor at Silver Lake Partners from 2007 to 2015, where he focused on business improvement and investment opportunities across strategic and operational initiatives for Silver Lake's portfolio companies. From 2008 to 2009, Mr. Giancarlo served as Interim President and CEO of Avaya. Prior to that, from 1993 to 2007, Mr. Giancarlo served in senior executive roles at Cisco Systems, including Chief Technology Officer and Chief Development Officer. At Cisco, Charlie oversaw the $38 billion product organization, including more than 30,000 employees, and was instrumental in expanding the Company's global growth. He received a Bachelor of Science in Engineering from Brown University, a Master of Science in Electrical Engineering from the University of California, Berkeley, and a Master of Business Administration from Harvard Business School.
The Company also reported its second quarter fiscal 2018 financial results today in a separate announcement posted on the Investor Information section of the Pure Storage website. That announcement includes details for its previously scheduled conference call to discuss the results at 2:00 pm (PT)/5:00 pm (ET) today.
About Pure Storage, Inc.
Pure Storage (NYSE:PSTG) helps companies push the boundaries of what's possible. Pure's end-to-end data platform – including FlashArray, FlashBlade and our converged offering with Cisco, FlashStack – is powered by innovative software that's cloud-connected for management from anywhere on a mobile device and supported by the Evergreen business model. The company's all-flash based technology, combined with its customer-friendly business model, drives business and IT transformation with solutions that are effortless, efficient and evergreen. With Pure's industry leading Satmetrix-certified NPS score of 83.7, Pure customers are some of the happiest in the world, and include organizations of all sizes, across an ever-expanding range of industries.
Paul Frankle/Julie Jiganti
Sard Verbinnen & Co.
SOURCE Pure Storage