Don Valentine Retiring From NetApp’s Board of Directors
He was chairman of the company during fours years.
This is a Press Release edited by StorageNewsletter.com on May 28, 2010 at 2:55 pmNetApp, Inc. announced that Don Valentine will not stand for reelection to the company’s board of directors at the Annual Meeting of Shareholders in August 2010.
Mr. Valentine has served as a member of the board since September 1994. He served as chairman of the board from September 1994 until March 2008. He is also a member of the Corporate Governance and Nominating Committee.
"On behalf of the company and the board of directors, I would like to thank Don for his distinguished service and invaluable contributions," said Dan Warmenhoven, chairman of the board of directors of NetApp. "Don has been a valuable member of the NetApp board since the company was a start-up, and his business expertise, important insights, and belief in our culture have made a tremendous impact on our company. NetApp and its shareholders have benefited greatly from his counsel in his16 years on the board."
During Mr. Valentine’s tenure on the board of directors, NetApp has grown from a small, private company to a global industry leader with $3.9 billion in annual revenues and more than 8,000 employees worldwide.
"It has been an incredible journey to be a part of the history of NetApp," said Don Valentine, general partner of Sequoia Capital. "I am honored to have worked with such an outstanding group of people and be a part of building a great company, which I know is poised for continued success."
Comments
Donal T. Valentine, 77, founded Sequoia Capital in 1972 and was
one of the original investors in Apple, Atari, Cisco, LSI, Oracle and
Electronic Arts. Prior to that, he founded National Semiconductor and was a sales and marketing executive with Fairchild Semiconductor.
During the NetApp's conference call detailing the 4Q10 financial results of
the company, president and CEO Tom Georgens said:" I would also like to take a
moment to honor Mr. Don Valentine. After 16 years of tremendous
service, Don has decided to retire from the NetApp Board of Directors.
I'm sure many of you know that Don is a founding partner of Sequoia
Capital, which led the Series C round of venture financing of NetApp
back in September of 1994. Don has been on the board ever since serving
as Chairman until 2008. On behalf of the company and the board, I would
like to thank him for his immeasurable contribution and wish him all the
best for the future."
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