NetApp Management
Management criteria checks 2/4
NetApp's CEO is George Kurian, appointed in Jun 2015, has a tenure of 9.5 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 $32.72M. The average tenure of the management team and the board of directors is 3.3 years and 7.1 years respectively.
Key information
George Kurian
Chief executive officer
US$17.7m
Total compensation
| CEO salary percentage | 5.6% |
| CEO tenure | 9.5yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
Under The Bonnet, NetApp's (NASDAQ:NTAP) Returns Look Impressive
Dec 27
Is NetApp, Inc. (NASDAQ:NTAP) Trading At A 37% Discount?
Dec 12Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results
Nov 27NetApp: ARR Growth And Margin Expansion Should Drive Further Upside
Nov 26NetApp's Q2 Earnings Preview: Profits, Partnerships, And The Path Forward
Nov 19Is NetApp (NASDAQ:NTAP) A Risky Investment?
Nov 04NetApp: Why Investors Should Remain Bullish For Fiscal 2025
Oct 22Unpleasant Surprises Could Be In Store For NetApp, Inc.'s (NASDAQ:NTAP) Shares
Oct 20NetApp: Trading At Great Value Despite AI Tailwinds
Sep 30What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?
Sep 19NetApp, Inc.'s (NASDAQ:NTAP) CEO Looks Like They Deserve Their Pay Packet
Sep 04NetApp: No More Near-Term Good News Left - Downgrading To Hold
Sep 02Estimating The Intrinsic Value Of NetApp, Inc. (NASDAQ:NTAP)
Aug 26NetApp: Hold, The Margin Of Safety Has Been Exploited
Jul 30Returns On Capital At NetApp (NASDAQ:NTAP) Have Hit The Brakes
Jul 26We Think NetApp (NASDAQ:NTAP) Can Manage Its Debt With Ease
Jul 11NetApp's (NASDAQ:NTAP) Upcoming Dividend Will Be Larger Than Last Year's
Jun 21There May Be Reason For Hope In NetApp's (NASDAQ:NTAP) Disappointing Earnings
Jun 17NetApp, Inc. (NASDAQ:NTAP) Analysts Are Pretty Bullish On The Stock After Recent Results
Jun 13NetApp's (NASDAQ:NTAP) Upcoming Dividend Will Be Larger Than Last Year's
Jun 04Unpleasant Surprises Could Be In Store For NetApp, Inc.'s (NASDAQ:NTAP) Shares
May 21NetApp: A Long-Term Beneficiary Of AI
May 14Should You Think About Buying NetApp, Inc. (NASDAQ:NTAP) Now?
Apr 27Returns On Capital At NetApp (NASDAQ:NTAP) Have Stalled
Apr 09NetApp (NASDAQ:NTAP) Will Pay A Dividend Of $0.50
Mar 19NetApp: AI Could Support More Upside - Initiating With A Buy
Mar 05NetApp (NASDAQ:NTAP) Has Announced A Dividend Of $0.50
Mar 05Results: NetApp, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 02NetApp Q3 Earnings Preview: Key Things To Consider
Feb 28Calculating The Fair Value Of NetApp, Inc. (NASDAQ:NTAP)
Feb 18NetApp, Inc. (NASDAQ:NTAP) Not Lagging Market On Growth Or Pricing
Jan 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 25 2024 | n/a | n/a | US$1b |
| 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 US market ($USD12.86M).
Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.
CEO
George Kurian (57 yo)
9.5yrs
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 |
|---|---|---|---|---|
| CEO & Director | 9.5yrs | US$17.74m | 0.14% $ 32.7m | |
| President | 4.4yrs | US$9.49m | 0.024% $ 5.7m | |
| Executive VP & CFO | 4.8yrs | US$6.76m | 0.079% $ 18.8m | |
| Executive VP | 3.6yrs | US$4.29m | 0.0061% $ 1.5m | |
| Executive VP & Chief Product Officer | 2.9yrs | US$7.56m | 0.067% $ 16.0m | |
| Executive Vice President of Business Technology & Operations | less than a year | no data | no data | |
| VP, Controller & Chief Accounting Officer | less than a year | no data | 0% $ 0 | |
| VP of Corporate Communications & Investor Relations | 6.9yrs | no data | no data | |
| Chief Marketing Officer | 1.8yrs | no data | no data | |
| Senior Vice President of Engineering - Hybrid Cloud Group | no data | no data | no data | |
| Managing Director of NetApp India Marketing & Services | no data | no data | no data | |
| Chief Diversity Officer | 1.8yrs | no data | no data |
3.3yrs
Average Tenure
53.5yo
Average Age
Experienced Management: NTAP's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.5yrs | US$17.74m | 0.14% $ 32.7m | |
| Independent Director | 1.1yrs | US$299.29k | 0.0017% $ 413.7k | |
| Independent Director | 15yrs | US$358.12k | 0.010% $ 2.4m | |
| Independent Chairman of the Board | 15yrs | US$536.27k | 0.0046% $ 1.1m | |
| Independent Director | 4.8yrs | US$393.12k | 0.0063% $ 1.5m | |
| Independent Director | 7.1yrs | US$363.12k | 0.0094% $ 2.2m | |
| Independent Director | 7.1yrs | US$380.62k | 0.014% $ 3.3m | |
| Independent Director | 3.8yrs | US$358.12k | 0.0034% $ 815.6k | |
| Independent Director | less than a year | no data | no data |
7.1yrs
Average Tenure
57yo
Average Age
Experienced Board: NTAP's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 07:05 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/10/25 |
| Annual Earnings | 2024/04/26 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NetApp, Inc. is covered by 69 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Josep Bori | Atlantic Equities LLP |
| Jayson Noland | Baird |