Nutanix the hybrid multicloud computing company currently valued at $20.94 billion, announced Thursday the appointment of Greg Lavender to its board of directors, effective September 17, 2025.
Lavender brings over 40 years of technology experience to the hybrid multicloud computing company. He most recently served as Chief Technology Officer at Intel from June 2021 to June 2025, where he led the Software & Advanced Technology group, Intel Labs, Intel Tiber AI Cloud, and Information Security operations.
Prior to Intel, Lavender held the position of Senior Vice President and Chief Technology Officer at VMware, where he helped shape the company’s multicloud strategy. His career also includes senior leadership roles at Citigroup, Cisco Systems, and Sun Microsystems.
“Greg has a deep engineering background with experience from both the vendor and customer perspective,” said Rajiv Ramaswami, President and CEO of Nutanix, in a press release statement.
Lavender holds a Ph.D. and M.S. in Computer Science from Virginia Tech and a B.S. in Computer Science from the University of Georgia. He currently serves on the board of Arista Networks, Inc.
Nutanix, which provides a unified software platform for running applications and managing data across multiple cloud environments, serves more than 29,000 customers worldwide according to the company.
The appointment comes as Nutanix continues to position itself in the hybrid multicloud computing market, focusing on solutions for traditional and modern applications including AI workloads.
In other recent news, Nutanix reported strong fourth-quarter earnings for fiscal 2025, surpassing Wall Street expectations with an earnings per share of $0.37, compared to the projected $0.33. The company’s revenue also exceeded predictions, reaching $653 million, above the anticipated $642.19 million. KeyBanc maintained its Overweight rating on Nutanix, with a price target of $95, highlighting the company’s 19.2% revenue growth and an operating income margin of 18.3%, both exceeding consensus estimates. Piper Sandler also reiterated its Overweight rating with a price target of $88, despite acknowledging challenges in fiscal fourth-quarter billings and Annual Recurring Revenue.
BofA Securities adjusted its price target for Nutanix to $93 from $95, maintaining a Buy rating, citing higher expenses but noting product revenues grew 28% year-over-year. The company added 800 new customers during the quarter, indicating robust customer acquisition. These developments show Nutanix’s continued strong performance and have been met with positive responses from analysts.
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