Effective Mirchandani has taken the reins at Commvault from Bob Hammer, who had been hinting for some time that he was getting ready to retire and who last week said during the company’s third fiscal quarter 2019 conference call that it would be his last.
Al Bunte, Commvault chief operating officer and a colleague of Hammer’s for over 20 years, is also retiring.
Discussions around Hammer stepping down from Commvault after 20-plus years became serious in April 2018 after hedge fund Elliott Management disclosed that it had acquired a 10.3-percent stake in Commvault. Elliott Management at the time wrote in a letter to Commvault management expressing frustration at the company’s profit margins, called for more capital to be returned to investors, and called for a review of Commvault’s management.
Mirchandani joins Commvault from software maker Puppet, where he served as CEO for nearly three years. Prior to that, he spent more than two years heading VMware’s operations in the Asia Pacific and Japan areas. He also spent over seven years at EMC, over half of which serves as that company’s chief information officer.
US-based Puppet last week named Yvonne Wassenaar as its next CEO.
During his time as Puppet boss, Mirchandani oversaw the closing of new funding to the tune of US$42 million, acquired two companies, and opened five new international offices, Puppet said.
Hammer, who has been with Commvault for over 20 years, in April plans to step down as the company’s chairman and remain on the board as chairman emeritus. Nick Adamo, a current member of Commvault’s board of directors, will at that time take over as chairman.
Both Hammer and Bunte are expected to remain with Commvault through a transition period, with Hammer planning to end his transition work on 31 March.―CRN