Dive Brief:

• Data storage company Pure Storage said Tarek Robbiati — a veteran global tech finance leader whose experience includes tenures as CFO of hardware vendor Hewlett Packard Enterprise and the telecommunications company Sprint before its acquisition by T-Mobile — would become its new CFO, effective immediately, according to a Tuesday release. 
• Robbiatti will replace Kevan Krysler, who is leaving the company after serving as its CFO for about five years, according to the release. Pure Storage said last month that Krysler had decided to leave the company, noting his departure was not related to any issues related to the integrity of the company’s financial statements, accounting policies or practices, according to a securities filing.
• The Santa Clara, California-based company in May reported a narrower net loss of $13.99 million in the fiscal first quarter ended May 4, compared to a net loss of $35 million in the year-earlier period. Revenue rose 12% to $778.5 million YOY in the latest period, according the earnings release. 

Dive Insight:

Robbiati served as CFO of HPE for about five years ending in August 2023 and previously served as CFO of Sprint for nearly three years through February of 2018, leading the company’s turnaround efforts, according to his LinkedIn profile and the release. At Hewlett Packard he increased the company’s gross margins and “scaled the company from a traditional transactional hardware-based business into an everything-as-a-service business,” the release states. 

"Tarek's experience across compute, networking and storage make him an ideal choice to help lead Pure Storage's evolution as we help customers manage their ever expanding data environment," Charles Giancarlo, Pure Storage CEO said in a statement in the release. "Tarek has a proven history of driving enterprise transformation, seamlessly blending inside-out operational insight with outside-in market perspective."

More recently, Robbiati served as RingCentral’s CEO for a roughly four-month stint ending in December 2023, when he resigned in a surprise move, Barron’s reported at the time. Earlier in his career Robbiatti was an associate partner for 10 years at Accenture and later served as a senior equity analyst at the now defunct Lehman Brothers. He has an MBA from the London Business School, a Master of Science in Business Administration from Institut d'Administration des Entreprises, and a Master of Science in Nuclear Physics and Electronics from Ecole Nationale Supérieure d'Ingénieurs.