NetApp announced the appointment of Paul Fipps, President of Global Customer Operations at ServiceNow, to its Board of Directors, expanding the board to ten members. Nine of the ten directors are independent, and half have been appointed within the past five years. Fipps brings more than 20 years of experience leading global sales, customer success and partner ecosystems, and previously served as EVP of Worldwide Sales at ServiceNow and President of Under Armour Connected Fitness. He holds a B.S. in Information Systems, an MBA from the University of Baltimore and is a graduate of The Wharton School’s Advanced Management Program. NetApp’s CEO George Kurian highlighted that Fipps’s operational rigor and customer-first mindset will accelerate innovation in AI-ready data solutions, while Board Chair Mike Nevens noted his expertise in integrating AI solutions will guide NetApp’s next growth phase.

Over the past three months, NetApp shares declined by 11.3%, drawing investor attention to the company’s flash storage, cloud services and AI-data-infrastructure initiatives. Despite the pullback, NetApp’s intelligent data platform—built on ONTAP software and enhanced by its AI Data Engine—continues to report double-digit year-over-year revenue growth in flash and cloud revenues. The company’s latest annual report showed operating cash flow of approximately $1.9 billion, and management has reiterated guidance for mid‐teens percentage growth in cloud subscriptions. Analysts expect that sustained momentum in AI workloads and strong free cash generation will support a share price recovery into 2026.