- Splunk (NASDAQ:SPLK) has named Snehal Antani, formerly the CIO of multiple GE Capital units and before that an IBM exec, its new CTO.
- No word on the status of former CTO Todd Papaioannou, who was appointed in 2013 following the resignation of his predecessor, Erik Swan. For now, Papaioannou's LinkedIn page still lists him as Splunk's CTO.
- Antani will work with products SVP Guido Schroeder and strategy chief Stephen Sorkin to "direct the long-term vision for Splunk technology across Splunk's rapidly expanding cloud, mobile, on-premises and hybrid offerings." He'll report to chairman/CEO Godfrey Sullivan.
- Splunk has sold off towards $67 following the news. Shares had made a new 2015 high of $70.97 on Friday. FQ1 results arrive on May 28.
- Update: Cantor is defending Splunk following the news. The firm considers the CTO change "an upgrade," and expects "stronger trends as the year progresses."
- Update 2: A Splunk spokeswoman tells Seeking Alpha Papaioannou is no longer with the company.