Raghu Raghuram, in full Rangarajan Raghu Raghuram, is 57 years old, was born in India, graduated from IIT Bombay, and then migrated to the United States to complete his education. In 2003, when VMware was a five-year-old startup, he joined the Server Business Unit. On May 12th, 2021, he was named CEO of VMware. Raghuram joined VMware in 2003 as director of product management and rose through the ranks to his present position as COO of products and cloud services in 17 years and 10 months.
Raghu Raghuram Profile/Bio
|Real Name||Rangarajan Raghu Raghuram|
Raghu Raghuram Personal Life/Wiki
|Age (as in 2021)||57 Years|
|Zodiac Sign/Sun Sign||Not Known|
Raghu Raghuram Education Details
Raghu Raghuram earned his master’s degree in business administration from the University of Pennsylvania’s Wharton School in 1996, as well as a master’s degree in electrical engineering from the Indian Institute of Technology, Bombay.
|College/University||(IIT Bombay) Indian Institute of Technology, Mumba|
|Educational Qualification||Masters degree in Electrical Engineering|
Raghu Raghuram Money Factor
He is currently employed at Vmware as the Chief Operating Officer for the Products and Cloud Services department, and his annual salary is $14,015,700. His projected net worth as of April 1, 2021 is at least $82.6 million USD.
|Net Worth (approx.)||$82.6 Million|
Raghu Raghuram Stock Ownerships & Equity Awards
Raghuram has roughly 30,777 Vmware stock units valued at around $29,944,312. In addition, he has sold VMW shares for $38,622,065 in the previous eight years (per wall mine).
Raghuram was awarded Restricted Stock Unit and Performance Stock Unit awards with a total target value of $8 million in April 2021. As a result, when he takes over as CEO, VMware will recommend to its board of directors that further stock awards be granted to Raghuram, with a total target value of $5 million.
When did Raghu Raghuram become VMware CEO?
Raghu Raghuram was named as VMware’s next Chief Executive Officer on the 12th of May 2021.
Raghu has taken over from Pat Gelsinger, the company’s previous CEO, who made significant contributions to the organisation before leaving to become the CEO of Intel on February 15th.
In the meantime, VMware’s Chief Financial Officer, Zane Rowe, will serve as CEO. And, according to the corporation, Raghuram will take over the reins in June of this year. He is recognised as a seasoned industry veteran and a visionary corporate leader. Currently, he serves as Executive Vice President and Chief Operating Officer (Products and Cloud Services at VMware).
Raghu Raghuram Facts, Salary & Key highlights
“I am delighted, humbled, and pleased to have been chosen to lead this firm to a new era of growth,” Raghuram expressed his delight at being named CEO. We have a huge opportunity, the right solutions, and the right people, and we’ll keep working hard to make it happen with concentration, enthusiasm, and agility.”
Let us go over some of the most intriguing facts about him and his organisation before we wrap up this article:
- According to a VMware 8-K filing with the SEC, Raghu Raghuram’s yearly remuneration as the new CEO will be $1 million starting June 1st.
- By signing a commercial deal, Raghuram has pledged that his business, VMware, would maintain its deep and strong product innovation and go-to-market cooperation with Dell for the next five years. In the announcement, he also stated that he wants VMware to be the world leader in multi-cloud computing.
- Sumit Dhawan, who was formerly the Sr. Vice President and Chief Customer Officer at VMware, assisted with the development of the company’s business strategy for multi-cloud and subscription products. Customers may consume VMware services in a new way as VMware alters the way they do so. As a result, we’re looking for his considerable expertise in creating and expanding subscription businesses, as well as his customer-centric mindset. Sumit Dhawan is said to be the best-qualified specialist to assist Raghuram. Dhawan can assist Raghuram in his goal of turning VMware into a SaaS and subscription business.
- VMware’s first-quarter sales are expected to be $2.99 billion, representing a 9.5 per cent rise year over year. According to Raghuram and his significant viewpoint, total subscription, SaaS, and licencing income is expected to reach $1.38 billion this year, up 12.5 per cent year over year.
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