Cloudera Appoints Gary Hu to Board of Directors
Cloudera, Inc. (NYSE: CLDR) announced the appointment of Gary Hu to its Board of Directors, replacing Nicholas Graziano, effective January 7, 2021. This change comes as part of a recommendation from Icahn Enterprises, adhering to a Voting and Standstill Agreement established in August 2019. Gary Hu, a Portfolio Manager at Icahn Capital L.P., brings a strong background in investment management, having previously worked at Silver Point Capital and Stockbridge Investors. CEO Rob Bearden expressed enthusiasm for this leadership transition as Cloudera aims to strengthen its position in the enterprise data cloud market.
- Gary Hu's extensive investment management experience may enhance strategic decision-making.
- The appointment aligns with Icahn Enterprises' involvement, indicating potential for stronger governance.
- The resignation of Nicholas Graziano may raise concerns about continuity in board leadership.
SANTA CLARA, Calif., Jan. 7, 2021 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, today announced that Gary Hu has been appointed to the Company's Board of Directors, upon the recommendation of Icahn Enterprises in accordance with the Voting and Standstill Agreement between Cloudera and affiliates of Icahn Enterprises, dated August 12, 2019. Gary Hu replaces Nicholas Graziano who had been an Icahn designee and resigned from the Company's Board of Directors, effective January 7, 2021. Jesse Lynn continues as the other Icahn board designee.
"On behalf of the entire Board of Directors, I'd like to welcome Gary to the Board as well as thank Nick for his service," said Rob Bearden, Chief Executive Officer, Cloudera. "I'm looking forward to working with Gary and the rest of the Board as we continue to execute the long-term strategic plan to cement our position as the leader in the enterprise data cloud market."
Gary Hu currently serves as a Portfolio Manager of Icahn Capital L.P., the investment advisory firm of Icahn Enterprises L.P., which is a diversified holding company. Prior to joining Icahn Capital in 2020, he held investment management roles at Silver Point Capital, a credit focused investment fund, and Stockbridge Investors, the public securities affiliate of Berkshire Partners, a leading middle market private equity firm. Mr. Hu graduated summa cum laude from the University of Pennsylvania with a BS in Finance and Accounting from the Wharton School and a BAS in Computer Science from the School of Engineering and Applied Sciences.
About Cloudera
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world's largest enterprises. Learn more at cloudera.com.
Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
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SOURCE Cloudera, Inc.
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