NetApp Executive Vice President and CFO Steve Gomo to Retire

NetApp (NASDAQ: NTAP) today announced that Steve Gomo, executive vice president and chief financial officer, has made the decision  to retire, effective December 31, 2011. Nicholas R. Noviello, senior vice president of finance and global controller, will succeed Gomo as CFO on January 1, 2012. The transition in leadership is the result of a planned management succession process. Gomo, 59, joined NetApp in 2002 and is responsible for the company's finance, workplace resources, and investor relations functions.

“Steve has played a key role in NetApp’s success over the past nine years,” said Tom Georgens, president and CEO of NetApp. “He personifies NetApp’s high-integrity culture and has helped us build a successful business model, a sound financial strategy, and a strong balance sheet. Under Steve’s leadership, we have developed an accomplished finance team to continue to execute our strategic plan.”

Georgens added, “I am pleased that Nick Noviello will become NetApp’s CFO upon Steve’s retirement. Nick has demonstrated commitment to NetApp’s vision and values and he has been an outstanding leader within the finance organization.”

Noviello, 42, joined NetApp in 2008 as vice president and corporate controller and was subsequently promoted to senior vice president of finance and global controller. He has been a key contributor to NetApp’s financial strategy and operational cadence, and has been actively engaged in decisions around NetApp’s business model, international finance, tax, capital allocation, and mergers and acquisitions. Before NetApp, Noviello held positions at Honeywell International and PricewaterhouseCoopers (PWC). At Honeywell, he was CFO of two global multibillion-dollar business units, led large international teams, drove business partnerships, ran investor relations, and was a key contributor to strategy and operational performance.

Sunnyvale, Calif.