George Kurian
Also at NetApp Inc
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
| 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
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) |