Enterprise

CONFIRMED: VMware's Paul Maritz Is Leaving The CEO Role And Moving To EMC

By Julie Bort
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Paul Maritz
Paul Maritz is moving to EMC.  emccorp

EMC confirmed today that is  shuffling its top executives. 

As of September 1, VMware CEO Paul Maritz will vacate the CEO role and move to its parent company, EMC, as chief strategist.

EMC owns 80% of VMware.

Maritz will report to CEO Joe Tucci and keep his VMware board seat.

This could be a step up for Maritz, maybe even putting him on track to become EMC's next CEO, reports CRN, which broke the story yesterday.

EMC president and COO Pat Gelsinger will become the CEO of VMware. Gelsinger is known as the guy who managed key partnerships between EMC, Cisco, and VMware.

EMC also said will report Q2 revenue of $5.31 billion and non-GAAP profits of 39 cents a share. Analysts expected $5.29 billion and 40 cents a share, reports Forbes.

Both execs were recently named to our list of The 50 Most Powerful People In Enterprise Tech.

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Julie Bort
Julie Bort
Julie Bort was Business Insider's Editor at Large for the Tech team. She loves investigating stories and shedding light on the tech industry's most amazing people.Here's a small sample of some of Julie's work.Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked itInsiders say WeWork's IT is a patchwork of cheap devices and Band-Aid fixes that will take millions to fixWeWork's toxic phone booths were created in-house by its Powered by We business70-hour weeks and 'WTF' emails: 42 employees reveal the frenzy of working at Tesla under the 'cult' of Elon MuskElon Musk works so many hours at Tesla, employees are constantly finding him asleep under tables and desksHow this woman went from a Pizza Hut employee to a founder of a $4 billion startupAn Oracle insider explains how some salespeople gamed the system to sell more cloudTHE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbing, and multimillion-dollar exit packagesMicrosoft is in talks to buy GitHub, a startup at the center of the software world last valued at $2 billionThe alarming inside story of a failed Google acquisition, and an employee who was hospitalizedInside Facebook's plan to eat another $350 billion IT marketHow a registered sex offender wound up living in an Airbnb hosting unsuspecting guestsA controversial ex-banker is the person who really runs Twitter — and he's gambling the company's future on one risky betSecret passages and skipped meals: Oracle's CEO gave us a rare peek at what it really takes to run a $37 billion companyHP told some employees to choose between becoming contractors with no benefits or being fired without severance'I felt like we were being extorted': Customer says Oracle tried to strong-arm him into a cloud saleHow the queen of Silicon Valley is helping Google go after Amazon's most profitable businessAirbnb host: A guest is squatting in my condo and I can't get him to leaveLIES, BOOZE, AND BILLIONS: How one of the fastest-growing startups in Silicon Valley history raised $580 million then spiraled out of controlGitHub is undergoing a full-blown overhaul as execs and employees depart — and we have the full inside storyWhen she's not writing for Business Insider, Julie can usually be found on the trails, on my mountain bike, or on my skis, if you know where to look.
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