NetApp has expanded its Board of Directors to ten members with the addition of Paul Fipps, President of Global Customer Operations at ServiceNow. Fipps’s appointment brings the board’s independent director count to nine and maintains a balance wherein half of the board members have been appointed over the past five years. With more than two decades of leadership driving technology-enabled growth and customer transformation, Fipps will leverage his experience overseeing global sales, customer success, partner ecosystems and field operations at ServiceNow. His prior roles include EVP of Worldwide Sales at ServiceNow, President of Under Armour Connected Fitness and Chief Experience Officer at Under Armour. Fipps holds a B.S. in Information Systems, an MBA from the University of Baltimore and completed The Wharton School’s Advanced Management Program. NetApp CEO George Kurian highlighted that Fipps’s expertise in aligning go-to-market execution with customer outcomes is critical as the company scales its AI-ready data infrastructure business.

Over the past three months, NetApp’s share performance has trailed broader enterprise storage peers, with a decline of 11.3% driven by market rotation out of legacy hardware and into accelerated flash and cloud-native solutions. Investors remain focused on NetApp’s progress in growing its flash and all-flash array revenue, which represented 42% of total product bookings in the most recent quarter—up 7 percentage points year-over-year. The company’s strong operating cash flow, which reached $1.25 billion in the last twelve months, underpins its ability to invest in R&D for AI Data Engine enhancements and expand its AI extensions framework. Analysts point to continued enterprise demand for hybrid and multi-cloud deployments, along with further uptake of its automated data management software, as key catalysts for a potential rebound in 2026.