Nutanix appoints Rukmini Sivaraman as CFO | Business

SAN JOSE, Calif.–(BUSINESS WIRE)–April 12, 2022–

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the appointment of Rukmini Sivaraman as chief financial officer, effective May 1, 2022. Sivaraman will succeed Duston Williams, who is leaving to become chief finance of a company in pre-IPO. in a different space. Williams will remain with Nutanix until April 30, 2022 and will work closely with Sivaraman to facilitate a smooth transition.

Rukmini Sivaraman, new CFO of Nutanix (Photo: Business Wire)

Sivaraman joined Nutanix in 2017 and currently serves as Senior Vice President of Financial Planning & Analysis. In this role, Sivaraman was responsible for financial and strategic planning, budgeting, capital allocation and business analysis and insights. Sivaraman held several positions critical to the growth and transformation of the business, including Director of Human Resources and, prior to that, Senior Vice President of People and Business Operations, focusing on revenue growth, capital allocation and all aspects of human resources. Among her recent achievements, she played a leading role in the transaction in which Nutanix received a $750 million investment from Bain Capital in September 2020. Sivaraman brings a combination of extensive experience in finance and in technology, having previously spent eight years as an investment banker at Goldman. Sachs in New York, executing strategic transactions including IPOs, mergers and acquisitions, and debt financing transactions for software companies. Sivaraman holds an MBA from the Kellogg School of Management at Northwestern University and a master’s degree in electrical engineering from the University of Michigan at Ann Arbor.

“Rukmini has a unique understanding of our business and our industry, as well as a strong financial acumen, and I am confident she will thrive in the role of CFO,” said Rajiv Ramaswami, President and Chief Executive Officer. management of Nutanix. “As SVP of FP&A, Rukmini was instrumental in evaluating and pursuing value-creating growth opportunities and overseeing our financial planning. Rukmini’s compelling expertise in financing, strategy, operations, human capital and engineering will be a valuable asset as we continue to deliver on our commitments for long-term growth and profitability. Rukmini’s appointment also reflects the wealth of talent we have cultivated at Nutanix. Supported by our talented finance team, we look forward to benefiting from Rukmini’s expertise and knowledge as we continue to build on our strong financial position and create value for our shareholders.

“We are extremely grateful to Duston for the many contributions he has made to Nutanix during his tenure as CFO,” added Ramaswami. “Since joining Nutanix in 2014, Duston has been instrumental in our success. He guided Nutanix through our IPO in 2016 and played a critical role in planning and executing our transition to a subscription business model, which will position Nutanix for sustainable and profitable future growth and valuable creation. I especially appreciated his support and partnership as I transitioned to Nutanix in December 2020. His hard work and leadership earned him this exciting new opportunity and we look forward to supporting him in the future.

“I am honored and excited to take on the role of Chief Financial Officer during this important time at Nutanix,” said Sivaraman. “I look forward to continuing to work closely with Rajiv and the management team as we achieve our financial goals, enhance shareholder value and position the company for long-term success. I also look forward to continued engagement with our community of investors and analysts. I thank Duston for his mentorship and support, which enabled me and the rest of the finance and accounting team to take the reins and continue to drive our initiatives forward. »

“It’s been a privilege to work alongside the talented and dedicated team at Nutanix over the past eight years, and I’m proud of everything we’ve accomplished together,” said Williams. “Since our IPO in 2016, Nutanix has experienced substantial growth, driven by innovation and a relentless focus on delivering to customers. The evolution of the company’s business model being well underway, I decided that the time had come to take on a new challenge. Rukmini is a talented leader who is a perfect fit for the role of CFO, and I have the utmost confidence that she and our strong finance and accounting teams will continue to be successful. I look forward to following the company as it continues to advance its leadership in a large and growing market. »

Third Quarter and Full Year 2022 Financial Guidance Reaffirmed

Nutanix also confirmed that financial performance for its fiscal quarter ending April 30, 2022 and fiscal year ending July 31, 2022 is expected to be in line with guidance the company shared on March 2, 2022.

Nutanix is ​​a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making clouds invisible, allowing customers to focus on their business results. Organizations around the world use Nutanix software to leverage a single platform to manage any application, anywhere for their hybrid multicloud environments. To learn more, visit or follow us on social media @nutanix.

© 2022 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are either registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This release may contain links to external websites that are not part of Nutanix does not control these sites and assumes no responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of the content of such site. Certain information in this press release may relate to or be based on studies, publications, surveys and other data obtained from third party sources and our own internal estimates and research. Although we believe such studies, publications, surveys and other third party data to be reliable as of the date of this press release, they have not been independently verified, and we make no representations as to the adequacy, the fairness, accuracy or completeness of any information obtained from third party sources.

Forward-looking statements

This press release contains express and implied forward-looking statements, including, but not limited to, statements relating to (i) our expectations regarding the CFO transition, (ii) our expectations for sustainable and profitable growth and value creation and (iii) our expected financial performance (including our confirmation that Nutanix’s financial performance for its fiscal quarter ending April 30, 2022 and fiscal year ending July 31, 2022 is expected to be in line with expectations that we shared on March 2, 2022). These forward-looking statements are not historical facts and are instead based on our current expectations, estimates, opinions and beliefs. Accordingly, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends on future events and involves risks, uncertainties and other factors, including factors that may be beyond our control, which may cause these statements to be inaccurate and cause our results , actual performance or achievements differ. materially and adversely from those anticipated or implied by such statements, including, without limitation: failure to successfully implement or realize all of the benefits of, or unexpected difficulties or delays in successfully implement or achieve all the benefits of our business plans, strategies, initiatives, vision and objectives; our ability to achieve, sustain and/or effectively manage future growth; unexpected delays or accelerations in our current and future business model transitions; rapid changes in the markets in which we compete, including the introduction or acceleration of adoption of competing solutions, including public cloud infrastructure; failure to timely and successfully meet the needs of our customers; delays or lack of customer or market acceptance of our new solutions, products, services, product features or technologies; macroeconomic or geopolitical conditions; the timing, extent and impact of the COVID-19 pandemic on our business, operations and financial results, as well as the impact on our customers, partners and end markets; factors that could cause our future quarterly operating results to fluctuate materially, including, among other things, anticipated changes to our revenues and product mix, including changes resulting from our transition to a business model subscription-based, which will slow revenue growth during this transition and make it more difficult to predict future performance, the timing and scale of orders, shipments and acceptance of our solutions within a quarter given, our ability to attract new end customers and retain existing end customers, changes in price and availability of certain components of our solutions, fluctuations in demand and competitive pressures on the prices of our solutions; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2021 filed with the United States Securities and Exchange Commission, or the SEC, on September 21, 2021, our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2021 filed with the SEC on December 2, 2021, and our Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2022 filed with the SEC on March 10 2022. Our filings with the SEC are available in the Investor Relations section of our website at and on the SEC’s website at These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, modify or otherwise revise the any of these forward-looking statements to reflect actual results or subsequent events or circumstances.

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Copyright BusinessWire 2022.

PUBLISHED: 04/12/2022 16:03 / DISK: 04/12/2022 16:03

Copyright BusinessWire 2022.

Melvin B. Baillie