NetApp Management

Management criteria checks 2/4

NetApp's CEO is George Kurian, appointed in Jun 2015, has a tenure of 9.42 years. total yearly compensation is $17.74M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $35.46M. The average tenure of the management team and the board of directors is 3.2 years and 7 years respectively.

Key information

George Kurian

Chief executive officer

US$17.7m

Total compensation

CEO salary percentage	5.6%
CEO tenure	9.4yrs
CEO ownership	0.1%
Management average tenure	3.2yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Kurian's remuneration changed compared to NetApp's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 26 2024	n/a	n/a	US$1b
Apr 26 2024	US$18m	US$1m	US$986m
Jan 26 2024	n/a	n/a	US$940m
Oct 27 2023	n/a	n/a	US$692m
Jul 28 2023	n/a	n/a	US$1b
Apr 28 2023	US$11m	US$1m	US$1b
Jan 27 2023	n/a	n/a	US$1b
Oct 28 2022	n/a	n/a	US$1b
Jul 29 2022	n/a	n/a	US$949m
Apr 29 2022	US$19m	US$991k	US$937m
Jan 28 2022	n/a	n/a	US$1b
Oct 29 2021	n/a	n/a	US$942m
Jul 30 2021	n/a	n/a	US$855m
Apr 30 2021	US$14m	US$968k	US$730m
Jan 29 2021	n/a	n/a	US$592m
Oct 30 2020	n/a	n/a	US$687m
Jul 31 2020	n/a	n/a	US$793m
Apr 24 2020	US$9m	US$950k	US$819m
Jan 24 2020	n/a	n/a	US$1b
Oct 25 2019	n/a	n/a	US$991m
Jul 26 2019	n/a	n/a	US$989m
Apr 26 2019	US$13m	US$925k	US$1b
Jan 25 2019	n/a	n/a	US$1b
Oct 26 2018	n/a	n/a	US$335m
Jul 27 2018	n/a	n/a	US$268m
Apr 27 2018	US$13m	US$925k	US$116m

Compensation vs Market: George's total compensation ($USD17.74M) is above average for companies of similar size in the UK market ($USD5.81M).

Compensation vs Earnings: George's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

George Kurian (57 yo)

9.4yrs

Tenure

US$17,741,459

Compensation

Mr. George Kurian serves as an Independent Director of The Cigna Group (formerly known as Cigna Corporation) since January 2021. He has been the Chief Executive Officer of NetApp, Inc since June 1, 2015 an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Kurian	CEO & Director	9.4yrs	US$17.74m	0.14% $ 35.5m
Cesar Rego	President	4.3yrs	US$9.49m	0.022% $ 5.6m
Michael Berry	Executive VP & CFO	4.7yrs	US$6.76m	0.085% $ 21.0m
Elizabeth O'Callahan	Executive VP	3.5yrs	US$4.29m	0.0057% $ 1.4m
Harvinder Bhela	Executive VP & Chief Product Officer	2.8yrs	US$7.56m	0.066% $ 16.3m
Gus Shahin	Executive Vice President of Business Technology & Operations	less than a year	no data	no data
Daniel De Lorenzo	VP, Controller & Chief Accounting Officer	less than a year	no data	0% $ 0
Kris Newton	VP of Corporate Communications & Investor Relations	6.8yrs	no data	no data
Gabrielle Boko	Chief Marketing Officer	1.8yrs	no data	no data
Alessandra Yockelson	Executive VP & CHRO	less than a year	no data	no data
Octavian Tanase	Senior Vice President of Engineering - Hybrid Cloud Group	no data	no data	no data
Puneet Gupta	Managing Director of NetApp India Marketing & Services	no data	no data	no data

3.2yrs

Average Tenure

52yo

Average Age

Experienced Management: 0K6F's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Kurian	CEO & Director	9.4yrs	US$17.74m	0.14% $ 35.5m
Anders Gustafsson	Independent Director	less than a year	US$299.29k	0.0017% $ 429.1k
Gerald Held	Independent Director	14.9yrs	US$358.12k	0.010% $ 2.5m
Thomas Nevens	Independent Chairman of the Board	14.9yrs	US$536.27k	0.0062% $ 1.5m
Deepak Ahuja	Independent Director	4.8yrs	US$393.12k	0.0063% $ 1.6m
Deborah Kerr	Independent Director	7yrs	US$363.12k	0.0094% $ 2.3m
Scott Schenkel	Independent Director	7yrs	US$380.62k	0.014% $ 3.4m
Carrie Palin	Independent Director	3.8yrs	US$358.12k	0.0034% $ 845.9k
June Yang	Independent Director	less than a year	no data	no data

7.0yrs

Average Tenure

57yo

Average Age

Experienced Board: 0K6F's board of directors are considered experienced (7 years average tenure).

NetApp Management

Management criteria checks 2/4

Key information

Recent management updates

NetApp Announces Appointment of Pamela Hennard as Chief Diversity and Inclusion Officer

NetApp, Inc. Appoints Gus Shahin as Executive Vice President of Business Technology and Operations

NetApp, Inc. Announces Retirement of Mike Berry as CFO, as of May 23, 2025

NetApp, Inc., Annual General Meeting, Sep 11, 2024

Independent Director recently sold US$3.5m worth of stock

NetApp, Inc. Appoints Dallas Olson as Chief Commercial Officer

Recent updates

NetApp Announces Appointment of Pamela Hennard as Chief Diversity and Inclusion Officer

NetApp, Inc. to Report Q4, 2025 Final Results on May 29, 2025

Upcoming dividend of US$0.52 per share

NetApp, Inc. Appoints Gus Shahin as Executive Vice President of Business Technology and Operations

First quarter dividend of US$0.52 announced

First quarter 2025 earnings released: EPS: US$1.20 (vs US$0.70 in 1Q 2024)

Now 26% undervalued

NetApp, Inc. Announces Retirement of Mike Berry as CFO, as of May 23, 2025

NetApp, Inc. to Report Q1, 2026 Results on Aug 27, 2025

NetApp, Inc., Annual General Meeting, Sep 11, 2024

NetApp Expands Intelligent Data Infrastructure Capabilities to Power Strategic Cloud Workloads

Spot by NetApp Expands Its Certified Platform with the General Availability of Its Cost Intelligence and Billing Engine Solutions

Independent Director recently sold US$3.5m worth of stock

Full year 2024 earnings released: EPS: US$4.74 (vs US$5.87 in FY 2023)

Third quarter dividend increased to US$0.52

Netapp, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2025 and Full Fiscal Year 2025

Netapp Unveils Unified Data Storage Built for the AI Era

NetApp, Inc. Appoints Dallas Olson as Chief Commercial Officer

NetApp, Inc. to Report Q4, 2025 Results on May 29, 2025

Now 20% undervalued

Upcoming dividend of US$0.50 per share

NetApp, Inc. Appoints Alessandra Yockelson as Chief Human Resources Officer

Investor sentiment improves as stock rises 20%

NetApp Turbocharge AI Innovation with Intelligent Data Infrastructure

NetApp Fights Ransomware in Real-Time with Built-In Artificial Intelligence on Enterprise Storage and Enhanced Cyber-Resiliency Solutions

Third quarter dividend of US$0.50 announced

Netapp, Inc. Provides Earnings Guidance for Fourth Quarter and for the Full Year 2024

Third quarter 2024 earnings released: EPS: US$1.52 (vs US$0.30 in 3Q 2023)

Insufficient new directors

Now 21% undervalued

Now 20% undervalued

NetApp, Inc. to Report Q3, 2025 Results on Feb 27, 2025

Netapp, Inc. Appoints Riccardo Di Blasio as Senior Vice President of North America Sales

Upcoming dividend of US$0.50 per share at 2.3% yield

Second quarter 2024 earnings released: EPS: US$1.12 (vs US$3.46 in 2Q 2023)

NetApp, Inc. Announces Cash Dividend, Payable on January 24, 2024

NetApp, Inc. to Report Q3, 2024 Results on Feb 09, 2024

NetApp Appoints Anders Gustafsson to the Board of Directors

NetApp Announces VMware Sovereign Cloud Integration and Simplified Data Management for Modern Virtualized Applications

NetApp, Inc. to Report Q2, 2025 Results on Nov 26, 2024

NetApp, Inc. Extends Its Storage Leadership and Innovation At Insight 2023 with the Only Unified Data Storage Across On-Premises and Public Cloud

NetApp and Equinix Deliver Comprehensive Bare Metal-as-a-Service Solution for Cloud Adjacent Experience

Upcoming dividend of US$0.50 per share at 2.7% yield

NetApp and Google Cloud Introduces Managed Storage Service to Revolutionize Enterprise Workloads in the Cloud

NetApp, Inc. Provides Earnings Guidance for the Second Quarter and Reiterates Earnings Guidance for the Full Fiscal Year 2024

First quarter 2024 earnings released: EPS: US$0.70 (vs US$0.97 in 1Q 2023)

NetApp, Inc. Announces Executive Changes

NetApp, Inc. to Report Q1, 2025 Results on Aug 21, 2024

NetApp, Inc., Annual General Meeting, Sep 13, 2023

NetApp Announces New Capabilities in NetApp BlueXP

Upcoming dividend of US$0.50 per share at 2.7% yield

NetApp Introduces Continuous Delivery Solution Spot Ocean CD

Full year 2023 earnings released: EPS: US$5.87 (vs US$4.20 in FY 2022)

Now 23% undervalued

NetApp, Inc. to Report Q4, 2024 Results on May 29, 2024

NetApp, Inc. Announces Executive Changes

Upcoming dividend of US$0.50 per share at 3.3% yield

Insufficient new directors

Third quarter 2023 earnings released: EPS: US$0.30 (vs US$1.13 in 3Q 2022)

NetApp, Inc. Announces the Availability of NetApp Advance

NetApp, Inc. to Report Q3, 2024 Results on Feb 21, 2024

NetApp Appoints Ritesh Doshi as Director Commercial for India, SAARC

Upcoming dividend of US$0.50 per share

Independent Director recently sold US$174k worth of stock

NetApp, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Second quarter 2023 earnings released: EPS: US$3.46 (vs US$1.00 in 2Q 2022)

NetApp, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2023

NetApp, Inc. Announces Retirement of Matthew Fawcett as Executive Vice President and Chief Strategy Officer, Effective February 28, 2023

NetApp, Inc. to Report Q2, 2024 Results on Nov 28, 2023