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Broadcom is buying software company VMware in one of the biggest takeover deals so far this year.
Photo:
MIKE BLAKE/REUTERS
The president of
Broadcom Inc.
AVGO -3.28%
is leaving the company for another job, with his responsibilities shifting to Chief Executive
Hock Tan.
The microchip powerhouse said in a regulatory filing Monday that
Thomas Krause
has accepted a role at a privately held enterprise software company and will formally depart on July 15.
The position of president will be eliminated as Mr. Tan will be assuming Mr. Krause’s responsibilities, Broadcom said.
The filing noted that Mr. Krause’s resignation isn’t the result of any disagreement with the company or management, and that he would assist in the transition.
Mr. Tan’s added responsibilities come as Broadcom is in the process of buying the software company
VMware Inc.
VMW -2.48%
for $61 billion, in one of the biggest takeover deals this year. Mr. Tan is betting that bundling various technology offerings that are essential to large corporate customers can yield outsize returns.
Broadcom also on Monday said its chief operating officer,
Charlie Kawwas,
is now the president of the Semiconductor Solutions Group, the company’s semiconductor portfolio. He will remain responsible for global operations and sales in both the semiconductor and brocade storage networking business segments.
Write to Dean Seal at [email protected]
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