Nutanix Senior Vice President and Chief Info Officer Wendy Pfeiffer is leaving the hyperconverged cloud infrastructure supplier within the midst of an inside probe into improperly utilizing licensed software program for ‘a multi-year interval.’
Nutanix mentioned Friday that Senior Vice President and Chief Info Officer Wendy Pfeiffer, a six-year firm veteran, is all of the sudden leaving the hyperconverged cloud infrastructure supplier, which is within the midst of an inside probe for improperly utilizing licensed software program for “a multi-year interval. “
The corporate hosted an all-hands assembly on Friday the place it introduced Pfieffer’s surprising departure, a supply near Nutanix informed CRN. Earlier this week, Pfeiffer was a featured panelist on the Wall Avenue Journal’s CIO Community Summit in Palo Alto, Calif.
“Wendy is leaving to pursue a possibility exterior of Nutanix,’ the corporate mentioned in a press release to CRN. “We thank Wendy for her service throughout her tenure.”
[RELATED: Nutanix To Miss SEC Deadline Amid Internal Software Probe]
CRN reached out to Pfeiffer although LinkedIn however had not obtain a response again at press time.
The corporate didn’t reply to questions on her substitute.
Pfeiffer’s sudden exit comes simply two days after the agency obtained a discover of deficiency from the Nasdaq over its failure to fulfill Securities and Alternate Fee (SEC) submitting pointers. That discover of deficiency comes 11 days after Nutanix disclosed that it was unable to file its 10-Q with the SEC on account of a software program misuse investigation.
“What we found is that sure analysis software program from considered one of our third-party suppliers … which is meant for analysis functions, was as an alternative used for validation, interoperability testing and proof of ideas over a multi-year interval,” mentioned Nutanix CFO Rukmini Sivaraman. “Due to that we weren’t capable of disclose expense data on the decision and we now have introduced that we count on to be unable to file our 10-Q in a well timed method,on condition that we wish to make sure that that is resolved first.”
Nasdaq is giving Nutanix 60 days to file a plan that explains the way it plans to “regain compliance” with its SEC submitting obligations.
In a submitting titled “Discover of Delisting or Failure to Fulfill a Continued Itemizing Rule or Normal” Nutanix wrote: “(B)ecause the Firm has not but filed its Quarterly Report on Type 10-Q for the quarter ended January 31, 2023, the Firm shouldn’t be in compliance with Nasdaq Itemizing Rule 5250(c)(1), which requires Nasdaq-listed corporations to well timed file all required periodic monetary experiences with the Securities and Alternate Fee.”
Nutanix mentioned the letter has no fast impact on the itemizing or buying and selling of its Class A standard inventory on the Nasdaq International Choose Market. The letter states that Nutanix has 60 calendar days to submit a plan to regain compliance with the Nasdaq Itemizing Guidelines. If Nasdaq officers settle for the plan, they can provide Nutanix six months from the due date to make good on the submitting, on this case, Sept. 11 of this 12 months.
If Nasdaq officers refuse Nutanix plan, the corporate can attraction the choice.
Nutanix has employed a lawyer from exterior the corporate to analyze what it might owe the undisclosed software program vendor.
Nutanix launched chosen preliminary numbers for its second fiscal quarter ended Jan. 31 that confirmed income development of 18 p.c, surging to $486.5 million up from $413.1 million a 12 months in the past. Annual recurring income was up 32 p.c 12 months over 12 months to $1.38 billion within the quarter.
Pfeiffer is a board member at Google cloud resolution supplier SADA, cybersecurity software program supplier Qualys and the American Gaming Affiliation. She beforehand had management roles with Yahoo, the place she was head of the superior improvement division’s information privateness workplace and enterprise know-how packages. She has a bachelor’s diploma from the College of Phoenix.