Diane Greene, who co-founded VMware in 1998, will be replaced by Paul Maritz, former president of EMC's Cloud computing division.
"As one of the founders and the leader of VMware, Diane guided the creation and development of a company that is changing the way people think about computing," said VMware chairman Joe Tucci.
"The board thanks her for her considerable contributions to VMware and wishes her every success in the future."
The news broke as VMware announced that its sales figures were expected to be "modestly below" the 50 per cent growth the company had predicted.
The markets reacted sharply, and shares in the company have fallen 30 per cent so far.
The news came at a particularly damaging time, given Microsoft's aggressive entry into the virtualisation market.
The move is a sorry end for Greene. She set up the company with her husband Mendel Rosenblum and Scott Devine, Edward Wang and Edouard Bugnion and it quickly became the market leader in virtualisation software.
VMware ousts boss as forecasts not met
By
Iain Thomson
on
Jul 10, 2008 9:05AM
The chief executive and co-founder of VMware has been ousted from the board after the company warned that it would not hit its sales forecasts.
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Promoted Content
Top 5 Benefits of Managed IT Services
Promoted Content
Alienated from your own data? You’re not alone
Promoted Content
Security "mindset shift" needed to protect organisations
Promoted Content
Don't miss Australia’s premiere IoT Conference on 9th June
Sponsored Whitepapers
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future
Video: Watch Juniper talk about its Aston Martin partnership
Don’t pay the ransom: A three-step guide to ransomware protection
