Nutanix (NASDAQ: NTNX) has announced updates to its board of directors, with Eric K. Brandt joining as a new board member while David Humphrey has resigned. Brandt, who brings extensive leadership and finance experience, has served in various CEO and CFO roles across different industries, and currently sits on the boards of several companies including Gen Digital Inc., Lam Research Corporation, The Macerich Company, and Option Care Health, Inc.
On the other hand, Humphrey, a partner at Bain Capital, resigned from Nutanix's board of directors. His resignation follows Bain Capital's $750 million investment in Nutanix in September 2020. Max De Groen, another partner at Bain Capital, will continue to serve as a member of Nutanix’s board of directors.
Since Bain Capital’s investment in September 2020, Nutanix has shown substantial growth, evolved into a hybrid multicloud leader, and significantly scaled its profits and cash flows. The company's performance has been impressive, indicating significant opportunity ahead.
This announcement comes as Nutanix continues to focus on driving sustainable, profitable growth while providing customers with a single platform for running applications and managing data, anywhere.
Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. The company aims to help organizations reduce complexity and simplify operations, allowing them to focus on their business outcomes. Following these announcements, the company's shares moved 0.37%, and are now trading at a price of $72.40. If you want to know more, read the company's complete 8-K report here.
