VMware Names Karen Dykstra as CFO; Zane Rowe to Depart Company - Seite 2

“VMware continues to help customers navigate this multi-cloud era; that is job number one. Karen will serve as a strong CFO to help steer the company financially. Her familiarity with the company, its culture and how it runs its business, will enable her to step in quickly and efficiently,” commented Paul Sagan, Lead Independent Director, VMware Board of Directors.

Definitive Agreement to be Acquired by Broadcom

VMware entered into a definitive agreement to be acquired by Broadcom Inc. (“Broadcom”) on May 26, 2022. The transaction, which is expected to be completed in Broadcom's fiscal year 2023, is subject to the receipt of regulatory approvals and other customary closing conditions. Please refer to the May 26, 2022 announcement entitled, “Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock,” available on news.vmware.com.

About VMware

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com.

Forward-Looking Statements

This press release contains forward-looking statements including, among other things, statements regarding the timing of VMware’s CFO transition; expected benefits to customers, partners and stockholders of VMware’s executive leadership and board of directors changes, strategy, offerings, and partnerships; and the proposed acquisition of VMware by Broadcom, related timing of its consummation and benefits to customers of combined VMware and Broadcom solutions. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (1) the satisfaction of the conditions precedent to consummation of the proposed acquisition, and the ability to consummate the proposed acquisition, on a timely basis or at all; (2) business disruption following the announcement of the proposed acquisition, including disruption of current plans and operations; (3) disruptions resulting from key management changes and difficulties in retaining and hiring key personnel and employees, including due to the proposed acquisition; (4) the ability of VMware to transition its business model and adapt its offerings, business operations and go-to-market activities to changes in how customers consume information technology resources, such as through subscription and SaaS offerings and its subscription and SaaS portfolio; (5) the continued risk of on-going and new litigation and regulatory actions, including the outcome of any legal proceedings related to the proposed acquisition; (6) rapid technological changes in the virtualization software, cloud, end user, edge security and mobile computing and telecom industries; (7) the uncertainty of VMware’s customers’ acceptance of and ability to transition to emerging technologies and new offerings and computing strategies in the industries in which VMware competes; and (8) other impacts to VMware’s business, including those related to industry, market, economic, political, regulatory and global health conditions. These forward-looking statements are made as of the date of this press release, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware’s most recent reports on Form 10-K and Form 10-Q and current reports on Form 8- K that VMware may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.