VMware (VMW) Says Dell's Michael Dell Elected as Chairman

September 7, 2016 9:16 AM EDT

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VMware, Inc. (NYSE: VMW) announced that Michael S. Dell has been elected to the VMware board of directors as chairman. In addition, Egon Durban was elected to the VMware board of directors. Both of these appointments were triggered by Dell Technologies' completion of the acquisition of EMC Corporation, announced today, creating a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information.

With this change, Joseph M. Tucci, VMware's chairman of the board of directors since 2007, as well as John R. Egan who served as a director on the VMware board of directors since 2007, are resigning from the VMware board.

Dell currently serves as chairman of the board and chief executive officer of Dell Technologies. He has held the title of chairman of the board of Dell since he founded the company in 1984. Dell also served as chief executive officer of Dell Inc. from 1984 until July 2004 and resumed that role in January 2007. Dell also serves as a director and non-executive chairman of the board of SecureWorks Corp., a majority-owned subsidiary of Dell Technologies.

Durban has served as a member of the board of directors of Dell Technologies since the closing of Dell's going-private transaction in October 2013. He is a managing partner and managing director of Silver Lake, a global private equity firm. Durban joined Silver Lake in 1999 as a founding principal. He serves on the board of directors of Intelsat S.A., Motorola Solutions, Inc. and SecureWorks Corp., a majority-owned subsidiary of Dell Technologies. Durban is also chairman of the board of directors of WME | IMG and on the board of directors of UFC.

"We are thrilled to welcome Michael Dell and Egon Durban to the VMware board of directors," said Pat Gelsinger, chief executive officer, VMware. "As we continue to grow as a strategically aligned business within the Dell Technologies family of businesses, their perspective and leadership will prove invaluable. With the continuation of six board members and the addition of Michael and Egon, I'm confident in the continuity and strength of the VMware board."

"I also want to personally thank Joe Tucci for the commitment, passion and leadership he brought as chairman of the VMware board over the past nine years," commented Gelsinger. "I also want to express my appreciation to Jack for his dedication and numerous contributions since the VMware board was established."



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