- Push-out Score suggests push-out forces
- After almost seven years on the job
- Accolades and praise for Dietzen
- Charlie Giancarlo taking over
- Dietzen will remain as Chairman of the Board at Pure Storage
- Dietzen spoke at length and said 200 words
(exechange) — Mountain View, California, August 24, 2017 — Scott Dietzen, chief executive of Pure Storage, leaves the position. It is an abrupt change. As announced by Pure Storage, Inc. in a news release and in a regulatory filing published on Thursday, August 24, 2017, Scott Dietzen has already left the post as Chief Executive Officer at the enterprise data flash storage company in a surprising move after almost seven years on the job, effective August 22, 2017.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 8.8 years, according to data compiled by exechange.
Dietzen’s duties are taken over by Charlie Giancarlo, a former Managing Director, Head of Value Creation at Silver Lake Partners.
The fact that Dietzen’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“Charlie is the best candidate to scale Pure”
A reason for the sudden change was not explicitly given. Dietzen said: “[W]e believe Charlie is the best candidate to scale Pure to become a multi-billion dollar global leader in data infrastructure and solutions.”
Dietzen will remain as Chairman of the Board at Pure Storage
“Dietzen will continue to serve as Chairman of the Board of Directors …, replacing the current co-Chairmen of the Board, John Colgrove and Michael Speiser,” Pure Storage said.
Pure Storage said: “Mr. Giancarlo succeeds Scott Dietzen who is stepping down from his role as CEO.”
Pure Storage further said: “On August 22, 2017, Scott Dietzen resigned from his position as Pure Storage’s Chief Executive Officer.”
Share price decline
The change follows a decline in the share price of Pure Storage, Inc. since October 2015.
Chaired by John Colgrove and Mike Speiser
Pure Storage, Inc. is chaired by John Colgrove and Mike Speiser.
On the job as CEO since 2010
Scott Dietzen has served as the Company’s Chief Executive Officer and as a member of the Company’s board of directors since October 2010.
From 2007 to 2009, Dietzen served in various roles at Yahoo! Inc., an internet technology company, including as interim Senior Vice President of Yahoo! Communications and Communities.
From 2005 to 2007, Dietzen served as President and Chief Technology Officer of Zimbra, Inc., a provider of open source messaging and collaboration software until its sale to Yahoo! in 2007.
From 1998 to 2004, Dietzen served in various roles at BEA Systems, Inc., including as BEA Systems’ Chief Technology Officer.
He had served as Vice President, Marketing at WebLogic, Inc., a provider of web application servers, which BEA Systems acquired in 1998.
Dietzen previously served as Principal Technologist at Transarc Corporation, a filesystem software company, which was acquired by IBM.
He earned a B.S. in Applied Mathematics and Computer Science and a M.S. and Ph.D. in Computer Science from Carnegie Mellon University.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Scott Dietzen’s sudden move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 35.2017 ($).