Sumit Dhawan takes point man position as new CEO of Proofpoint

Sumit Dhawan takes point man position as new CEO of Proofpoint

Cybersecurity and compliance vendor, Proofpoint has announced Sumit Dhawan as its new CEO. Rémi Thomas, Proofpoint’s chief financial officer, who has been acting as the vendor’s interim CEO since 25 October, will continue to serve as the company’s CFO. Dhawan is a seasoned technology leader with a history of building market-leading security, cloud, and end-user … Read more

VMware CEO departs as Broadcom finally closes $61bn takeover

VMware CEO departs as Broadcom finally closes bn takeover

Broadcom has finally completed its $61bn takeover of virtualisation specialist VMware after China’s antitrust regulator gave its approval to the acquisition. As a result, VMware CEO Raghu Raghuram has announced he will leave the business. VMware is now part of Broadcom. (Photo by Michael Vi/Shutterstock) Chipmaker Broadcom announced the completion of the deal yesterday, having … Read more

Broadcom CEO Hock Tan talks up VMware at event in Spain – reports

Broadcom CEO Hock Tan talks up VMware at event in Spain – reports

Sundry Photography/iStock Editorial via Getty Images Broadcom (NASDAQ:AVGO) CEO Hock Tan briefly discussed his plans to increase R&D at VMware (NYSE:VMW) once the more than $61 billion acquisition is completed. Tan was speaking at a VMware event in Barcelona and was discussing what he will do post Broadcom’s (AVGO) acquisition of the company, according to … Read more

Broadcom CEO outlines strategy for VMware amid regulatory hurdles By Investing.com

Broadcom CEO outlines strategy for VMware amid regulatory hurdles By Investing.com

© Reuters. Broadcom (NASDAQ:) CEO Hock Tan has shed light on the company’s post-acquisition strategy for VMware (NYSE:) at the VMware Explore conference in Barcelona. The acquisition, valued at $61 billion, is still pending due to a lack of regulatory approval from China. The delay could be a retaliation against U.S.’s stringent export controls on … Read more

Broadcom CEO Hock Tan believes VMware delay bureaucratic, not political – report

Broadcom CEO Hock Tan believes VMware delay bureaucratic, not political – report

Sundry Photography/iStock Editorial via Getty Images Broadcom (AVGO) CEO Hock Tan believes the delay in the closure of its $69 billion purchase of VMware (NYSE:VMW) is due to bureaucratic reasons, not political issues. VMware (VMW) fell 1.6%, while Broadcom rose 1.3%. “Mr. Tan does believe it’s bureaucratic and not political,” CNBC’s David Faber said on … Read more