Dheeraj Pandey to retire soon as Nutanix CEO

Dheeraj Pandey, the founder and CEO of Nutanix is retiring from the company. He co-founded the company 11 years ago and guided it to become $1.6 billion software powerhouse.

“Co-founding and leading Nutanix for the last 11 years has been the single most rewarding experience of my professional career. Guided by a vision of making IT infrastructure so simple that it becomes invisible, our team has built Nutanix into a leader in cloud software and a pioneer in hybrid cloud infrastructure solutions,” said Pandey in a statement. “I am confident there is no better time for me to make this transition to a new leader who can guide Nutanix through its next decade of growth and success.”

Dheeraj Pandey was one of the first innovators of hyper-converged infrastructure (HCI) and quickly become one of the market leaders and a pioneer in HCI. He helped Nutanix to grow into a $1.6 company that has transformed from HCI into a hybrid cloud software and services star.

The company is underway to find a replace to fill the CEO’s position. The board will identify and interview candidates with the assistance of a leading global executive search firm.

Dheeraj has plans to retire as CEO upon the section and appointment of a new CEO.

Nutanix board member Ravi Mhatre said in a statement, “Silicon Valley’s history is filled with storied founders and legendary visionaries and Dheeraj Pandey has earned a place among them.”

On Thursday, Nutanix reported fourth quarter earnings of $328 million, up 9 percent year over year.

“With our strong fourth quarter financial results, 29 percent growth in year-over-year run-rate ACV, a delightful software stack, and our recent launch of Nutanix Clusters on AWS bare metal, Nutanix is well positioned for the future,” said Dheeraj.