Wissam Jabre Joins NetApp as Executive Vice President and Chief Financial Officer
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan 28, 2025--
Today, NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced the appointment of Wissam Jabre as Executive Vice President and Chief Financial Officer effective March 10, 2025. Jabre brings over 20 years of experience leading finance organizations and a strong track record of value creation and disciplined operational management. Jabre's appointment follows the previously announced planned retirement of Mike Berry, who served as NetApp's Executive Vice President and Chief Financial Officer for the last five years.
'We are thrilled to welcome Wissam to our leadership team,' said George Kurian, Chief Executive Officer. 'His decades of financial experience will be invaluable as we continue to execute on our visionary approach for a data-driven future. As a seasoned CFO and proven leader in building high-performance finance teams, Wissam will play a pivotal role working across the business to drive sustained growth and long-term value for our stakeholders.'
'I'm excited to join this incredible team as NetApp builds on its momentum and captures market share with its leading intelligent data infrastructure platform,' said Wissam Jabre, incoming Chief Financial Officer. 'There is tremendous opportunity ahead to enhance value for our shareholders. I look forward to partnering with the leadership team and leading the finance organization as we build on the Company's efforts to drive growth and profitability, as well as deliver results for our stakeholders.'
Jabre brings extensive experience leading finance organizations for businesses that move at the speed of customer requirements. He has most recently held the position of Executive Vice President and Chief Financial Officer at Western Digital Corporation, where he led the global finance organization, including accounting, financial reporting, tax, treasury, internal audit, and investor relations. He previously served as Senior Vice President and Chief Financial Officer of Dialog Semiconductor from 2016 until it was acquired by Renesas Electronics in 2021. Prior to that, he held senior finance roles at Advanced Micro Devices, Freescale Semiconductor, and Motorola. Jabre began his career with Schlumberger, where he held engineering and finance roles. He also sits on the board of MKS Instruments, Inc. where he is an audit committee member. Jabre holds an MBA from Columbia Business School and a B.E. in Electrical Engineering from the American University of Beirut.
About NetApp
NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry's best data management. As the only enterprise-grade storage service natively embedded in the world's biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.
CONTACT: Media Contact
Kenya Hayes
NetApp
[email protected] Contact
Kris Newton
NetApp
[email protected]
SOURCE: NetApp
Copyright Business Wire 2025.
PUB: 01/28/2025 04:45 PM/DISC: 01/28/2025 04:47 PM
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Accenture Report: European Firms Must Accelerate AI Adoption to Close Productivity Gap
MILAN--(BUSINESS WIRE)--European companies must strengthen the capabilities needed to scale AI faster if they are to address the growing productivity gap and enhance the region's overall competitiveness, according to a new report released by Accenture (NYSE:ACN). The study highlights that the average European worker now produces only 76% as much as their US counterparts, a significant decline from being on par 30 years ago, with persistent underinvestment in technology identified as a major cause. Despite the recent Draghi report into European competitiveness pointing to AI as a potential solution to Europe's productivity problems, Accenture's research found that European companies are yet to take full advantage of the AI opportunity. Currently more than half (56%) of the 800 large European companies surveyed have yet to scale a major AI investment. Yet if all large (€1 billion+) European companies enhanced their AI capabilities to match those of leading industries, Accenture found that almost €200 billion could be added to annual business revenues. Mauro Macchi, CEO of Accenture in EMEA, said: 'At a time when geopolitical uncertainties are on the rise, finding a solution to Europe's productivity gap has never been more crucial. AI provides a unique opportunity for Europe to reinvent its economy and significantly boost its competitiveness. European firms are making progress but need to further leverage cloud, modernize data architecture and focus on skilling in order to scale AI faster and unleash its full potential. A coordinated industrial strategy, including shared AI infrastructure and investments will also avoid dispersion of initiatives and help businesses across all European countries access powerful computing, R&D, and training. Europe has all it needs to take advantage of the AI revolution. Now is the time to execute on it.' The study found that large European companies are adopting AI more quickly than smaller companies, which could further impact Europe's productivity and competitiveness. Whilst nearly half (48%) of Europe's largest companies have scaled at least one transformational generative AI initiative, less than a third (31%) of smaller companies have. Europe has a higher concentration of smaller companies compared to the US, making this size of company a significant opportunity. AI adoption also varies across industries. Some sectors such as automotive, aerospace and defense are leading the way, while others, including telecommunications and utilities, lag behind. The report emphasizes that since these sectors provide critical regional infrastructure such as energy systems and digital networks, their relatively low AI maturity poses a competitiveness and sovereignty concern for the region. The industrial sector, which accounts for more than a quarter of Europe's GDP is also yet to tap into the full potential of AI. These disparities underscore the need for a more uniform approach to AI adoption across all industries. The report also identifies key capabilities, from data to talent, that companies need to drive value from AI investments. These AI capabilities are well spread across countries, with Switzerland, Germany, the UK and France, on average, home to slightly more AI-ready companies, than Italy and Spain. To fully realize the benefits of AI, the report calls for the development of a robust, competitive AI ecosystem in Europe. This includes helping smaller companies level up on AI, nurturing a sovereign European AI ecosystem, and developing a coordinated industrial strategy. Additionally, AI literacy and workforce development are critical, as many European workers (60%) are concerned about job displacement, and a third (36%) do not feel suitably trained to use AI efficiently. The report identifies several key barriers to scaling AI, including setting up a robust data foundation, building and maintaining multi-disciplinary teams, managing security and privacy risks, and demonstrating business value. To overcome these challenges, the report recommends: Data Foundation: Invest in breaking down data silos and building an end-to-end data foundation with quality data. Multi-Disciplinary Teams: Focus on talent development, including training and continuous learning opportunities, to build and maintain the necessary expertise. Security Risks: Adopt a secure digital core to reduce vulnerabilities, redundancy, and technical debt. Business Value: Identify and implement concrete use cases with proven ROI. AI Literacy: Provide more training and support to employees and ensure that AI tools are accessible and user-friendly. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at
Yahoo
an hour ago
- Yahoo
BTIG Maintains a Buy Rating on Booking Holdings (BKNG), Raising the PT
Booking Holdings Inc. (NASDAQ:BKNG) is one of the . On June 10, BTIG analyst Jake Fuller maintained a Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) while raising the price target from $5,500 to $6,250. The raised price target comes after the company posted a strong fiscal first quarter of 2025 beating market expectations. The company released its results on April 29. It posted a total revenue of $4.76 billion, up 7.86% year-over-year and ahead of expectations by $171.91 million. The EPS of $24.81 also came in ahead of consensus by $7.24. The growth was driven by an increase in Room Nights and total gross bookings, both indicators grew 7% year-over-year. A fast-paced travel agent making a bookings for a family vacation package. Management noted that while the macroeconomic and geo-political environment remains tense Booking Holdings Inc. (NASDAQ:BKNG) has been focusing on delivering long-term value by focusing on strategic partnerships and priorities. One such example of long-term strategic partnership came in on June 12 when the company announced an eight-year extension of its partnership with the Etraveli Group. The extended partnership allows the company to operate seamlessly in 57 countries. While we acknowledge the potential of BKNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
an hour ago
- Yahoo
Lottery.com regains Nasdaq compliance
(LTRY) received formal notice from The Nasdaq Stock Market confirming that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires a minimum bid price of $1.00. The Company met this requirement by maintaining a closing bid price of $1.00 or higher for twenty consecutive business days from May 21 through June 18, 2025. Nasdaq has officially closed the matter. This confirmation marks more than just a technical compliance milestone-it underscores the momentum has built in recent weeks. In the 20-day period leading up to regaining compliance with Rule, stock experienced exceptional market activity, with daily trading volumes frequently exceeding 30 million shares. On May 27, 2025, recorded trading volume of more than 166 million shares, ranking among the most actively traded stocks on Nasdaq that day. As part of this renewed momentum, the Company recently appointed actor and media executive Tamer Hassan as President of Studios, further strengthening its media and entertainment vertical. The Company also continues to work with legal advisors, including Paul Hastings LLP, in its investigation into suspected illegal short selling and is prepared to take legal action against any parties found to have manipulated its stock. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Disclaimer & DisclosureReport an Issue
