- NetApp (NASDAQ:NTAP) co-founder and EVP Dave Hitz announces in a blog post that he's retiring from the company to pursue personal interests.
- But Hitz will take on a new Founder Emeritus role at NetApp, which basically means he won't be paid but can still hang out around the company.
- NetApp shares are down 6.2% to $63.18.
- Previously: NetApp -7% on mixed Q3, downside revenue outlook (Feb. 13)