Pure Storage Names Tarek Robbiati as Chief Financial Officer
Rhea-AI Summary
Pure Storage (NYSE: PSTG) has appointed Tarek Robbiati as its new Chief Financial Officer, effective immediately. Robbiati brings over 25 years of financial and leadership experience in the global technology sector, including notable positions as CEO of RingCentral and CFO of Hewlett Packard Enterprise, where he successfully transformed the business model and improved financial metrics.
At HPE, Robbiati led the company's transition from a traditional hardware business to an everything-as-a-service model, while improving margins and cash flow. He previously served as CFO at Sprint Corporation, leading turnaround efforts, and held leadership roles at various global companies. Robbiati will oversee Pure Storage's global finance organization, replacing Kevan Krysler, who departed after five years of service.
Positive
- Appointment of highly experienced CFO with 25+ years in technology sector
- New CFO's proven track record in enterprise transformation and business model evolution
- Strong background in scaling companies and improving financial metrics
- Experience in transitioning companies to as-a-service business models
Negative
- Departure of previous CFO after 5 years indicates leadership transition period
- Potential temporary disruption during leadership change
Insights
Robbiati's appointment signals strategic financial transformation for Pure Storage, leveraging his proven track record in technology services transition.
The appointment of Tarek Robbiati as CFO represents a strategic move for Pure Storage amid its evolution in the data storage market. Robbiati brings exceptional credentials with over 25 years of experience across the technology sector, including significant roles as CEO of RingCentral and CFO at HPE where he successfully transitioned the business from hardware-centric to an everything-as-a-service model.
His background includes notable achievements in financial transformation: at HPE, he improved gross margins, operating profit margins, and free cash flow while orchestrating a business model transition that closely mirrors what Pure Storage appears to be pursuing. His turnaround experience at Sprint further demonstrates his capability in steering companies through transformational periods.
The timing is particularly significant as Pure Storage navigates the rapidly expanding data environment market. The language in both CEO Giancarlo's and Robbiati's statements suggests a clear focus on enterprise transformation and scaling capabilities to capitalize on what they describe as "immense opportunity" in data management solutions.
Robbiati's extensive cross-functional experience across compute, networking, and storage creates a valuable perspective for an integrated approach to Pure Storage's financial strategy. His educational background combining business administration with technical knowledge in physics and electronics provides him with both the financial acumen and technical understanding to align financial strategies with Pure Storage's technological roadmap.
Robbiati has served in various business and financial leadership roles, including as CEO of RingCentral. Before that, as CFO of Hewlett Packard Enterprise Company (HPE), he increased the company's gross margins, operating profit margins, and free cash flow and scaled the company from a traditional transactional hardware-based business into an everything-as-a-service business.
Prior to HPE, Robbiati served as CFO at Sprint Corporation, where he led the company's turnaround efforts. He also held leadership positions at Telstra Corporation, Orange Plc, Atradius, Lehman Brothers, and Andersen Consulting (now Accenture). He holds an MBA from the London Business School, a Master of Science in Business Administration from Institut d'Administration des Entreprises, and a Master of Science in Nuclear Physics and Electronics from Ecole Nationale Supérieure d'Ingénieurs.
"Tarek's experience across compute, networking, and storage make him an ideal choice to help lead Pure Storage's evolution as we help customers manage their ever expanding data environment," said Charles Giancarlo, Chairman and CEO Pure Storage. "Tarek has a proven history of driving enterprise transformation, seamlessly blending inside-out operational insight with outside-in market perspective."
Robbiati will report to Giancarlo and oversee Pure Storage's global finance organization, which includes finance, investor relations, procurement, and facilities.
"As I observe the evolution of the technology industry and the exponential growth of data creation, it is clear the opportunity for Pure Storage to provide unique, effective and efficient solutions is immense," said Robbiati. "Enterprise transformation is about growth and the numbers show that we have a strong trajectory for scaling up the business ahead; I look forward to being part of the team building out new capabilities for our customers."
Robbiati replaces Kevan Krysler, whose departure from Pure Storage was announced last month, after more than five years of service with the company.
"I would like to thank Kevan for his dedicated and loyal service to Pure. I am grateful for Kevan's thoughtful counsel and commitment to Pure's mission and success and wish him the very best in his next chapter," Giancarlo concluded.
About Pure Storage
Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com.
Pure Storage, the Pure Storage P Logo, and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the
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SOURCE Pure Storage
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