George Kurian

Chief Executive Officer and Director at NetApp

Board

Since June 1, 2015

Age

57 years

Education

Holds a BS degree in Electrical Engineering from Princeton University and an MBA from Stanford University.

Tenure

Joined NTAP in April 2011 as Senior Vice President of the Storage Solutions Group, later advancing to roles including Senior Vice President of the Data ONTAP Group and Executive Vice President of Product Operations, before becoming Chief Executive Officer and a Board Director on June 1, 2015.

Also at NetApp

C\u00e9sar Cernuda

President

EMO

Elizabeth M. O'Callahan

Executive Vice President, Chief Legal Officer, and Corporate Secretary

HSB

Harvinder S. Bhela

Executive Vice President and Chief Product Officer

About

George Kurian serves as the Chief Executive Officer and a member of the Board of Directors at NTAP. He joined in April 2011, beginning his journey as the Senior Vice President of the Storage Solutions Group, later steering the Data ONTAP Group and serving as the Executive Vice President of Product Operations. His leadership has been central to advancing NTAP’s technology strategy and product portfolio.

Before his tenure at NTAP, he honed his expertise at leading organizations such as Cisco Systems, Akamai Technologies, Oracle Corporation, and as a management consultant with McKinsey & Company. These roles provided him with deep insights into both technology and strategic business management.

In addition to his corporate responsibilities, he contributes as a board member at Cigna Corporation, participating in the compliance and people resources committees. He holds a BS degree in Electrical Engineering from Princeton University and an MBA from Stanford University, reflecting a solid foundation in both technical and managerial disciplines.

$NTAP Performance Under George Kurian

Past Roles

Organization	Role	Date Range	Details
NetApp	Executive Vice President of Product Operations	September 2013 to May 2015	Oversaw all aspects of technology strategy, product, and solutions development
NetApp	Senior Vice President of the Data ONTAP Group	December 2011 to September 2013	Responsible for the Data ONTAP group
NetApp	Senior Vice President of the Storage Solutions Group	April 2011 to December 2011	Led the storage solutions group
Cisco Systems	Vice President and General Manager of the Application Networking and Switching Technology Group	2002–2011	Held several positions at Cisco, including this leadership role
Akamai Technologies	Vice President of Product Management and Strategy	1999–2002	Held leadership role in product management and strategy
McKinsey & Company	Management Consultant	N/A	Worked as a Management Consultant
Oracle Corporation	Leader of Software Engineering and Product Management Teams	N/A	Led Software Engineering and Product Management teams

External Roles

Organization	Role	Date Range	Details
The Cigna Group	Board Member	Current	Serves on the compliance committee and people resources committee

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,000,000	Annual (Fiscal 2024)	Fixed cash compensation, deemed competitive within NetApp's Compensation Peer Group
401(k) Matching Contributions	$6,000	Annual (Fiscal 2024)	Matching contributions under the tax-qualified 401(k) plan, capped at $6,000
Life Insurance Premiums	$7,482	Annual (Fiscal 2024)	Dollar value of life insurance premiums paid by the company

Performance Compensation

Data from FY 2024

Annual ICP (Cash Incentive Plan)

Metric (with weight)	Target/Range	Details
Revenue (40%)	90% to 110% of target	Focus on driving growth and market performance
Adjusted Operating Income (40%)	85% to 115% of target	Reflects profitability; performance evaluated on AOI benchmarks
Management Business Objectives (20%)	Not explicitly quantified	Split into 10% for Strategic/Leadership and 10% for DEI&B, emphasizing comprehensive business objectives
Target Award Percentage	170% of salary	Incentive bonus set at 170% of base salary, unchanged from fiscal 2023

Long-Term Equity Incentive Compensation

Service-Vested RSUs

Equity Award	Grant Date / Fair Value	Vesting Schedule	Details
Service-Vested RSUs	Grant Date: July 13, 2023 <br>Fair Value: $3,406,589	25% vests after 1 year; remaining awarded quarterly over the subsequent 3 years	Provides long-term alignment with service; no performance conditions attached

Performance-Based Restricted Stock Units (PBRSUs)

Equity Award (Performance-Based)	Target Fair Value / Target Shares	Vesting Conditions	Performance Metrics & Details
TSR-Based PBRSUs	Target Fair Value: $7,551,020 <br>Target Shares: 69,250	Vest at the end of a 3-year performance period (Fiscal 2024–2026)	Based on 3-year cumulative Total Shareholder Return relative to a peer group; payout range 0%–200%
Billings-Based PBRSUs	Target Fair Value: $3,419,642 <br>Target Shares: 69,250	Vest based on annual Billings targets over a 3-year period (Fiscal 2024–2026)	Tied to annual Billings performance with thresholds at 50% (34,625 shares) and a maximum at 200% (138,500 shares)