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VMWare drops after saying CFO will depart

  April 12, 2012

VMWare Inc. fell the most in more than three months after the software maker announced a management shuffle including the departure of Chief Financial Officer Mark Peek. Peek will leave on June 1 to become CFO of Workday Inc., a Pleasanton, California-based maker of software, where he currently serves on the board of directors, VMWare said today in a statement. Earnings at VMWare have more than doubled to $723.94 million since 2008, the first full year after Peek joined. The company is initiating a search to replace him.

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