NetApp said on January 28, 2025 that it appointed Wissam Jabre, 55, as Executive Vice President and Chief Financial Officer, effective March 10, 2025. He will succeed Michael J. Berry, who is retiring.

1. 01

   NetApp said on January 28, 2025 that it appointed Wissam Jabre, 55, as Executive Vice President and Chief Financial Officer, effective March 10, 2025. He will succeed Michael J. Berry, who is retiring.

2. 02

   The company said Jabre served as executive vice president and chief financial officer of Western Digital Corporation from January 2022. Berry will stay on as a senior advisor when Jabre's appointment takes effect to help with the handover of his duties.

3. 03

   The company said Jabre's annual base salary will be $750,000, and his annual incentive target will be 130% of base salary. It will also grant him PBRSUs worth $3,750,000 in each of two awards and service-vesting RSUs worth $7,500,000. The RSUs will vest 1/3 on each anniversary of the vesting commencement date.

4. 04

   The company said Jabre will receive a sign-on bonus of $6,565,500, payable within 30 days of his start date, subject to his continued employment for at least 24 months after that date. It said that if he resigns voluntarily within 12 months, he must repay the full bonus, and if he resigns voluntarily after 12 months but within 24 months, he must repay 50% of it.

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Original filing

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