July 5, 2022

Saluti Law Medi

Rule it with System

NetApp Inc. Reshuffles Management of Substantial-Tech Legal Procedure

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NetApp Inc., a knowledge administration and storage corporation known for adopting cutting-edge technologies in its law section, has declared a separation of its method and legal teams.

Matthew Fawcett, who expended a lot more than a decade as common counsel for the Sunnyvale, Calif.-based mostly corporation prior to becoming main tactic and legal officer a 12 months ago, is now only in cost of method.

Elizabeth O’Callahan, a former deputy typical counsel and main privateness officer at NetApp who stepped into Fawcett’s common counsel career past year, is the company’s new main authorized officer.

The alter will come soon after the company’s authorized group founded a name less than Fawcett as an aggressive adopter of new systems that have been designed to embrace innovation and strengthen efficiencies for both in-residence and outside counsel.

O’Callahan, who formerly documented to Fawcett, will now report immediately with Fawcett to NetApp CEO George Kurian. Lisa Borgeson, an in-dwelling head of employment law and compliance at NetApp, took over as privacy main last calendar year.

Fawcett, O’Callahan, and NetApp did not react to requests for comment about the authorized leadership alter. NetApp disclosed the new composition in a Jan. 6 statement.

Successor

Fawcett mentioned in a statement that he normally “envisioned” O’Callahan to be his successor as lawful chief following selecting the previous DLA Piper law firm in 2013. “I’m psyched and happy to see that develop into actuality,” he explained.

Fawcett claimed via LinkedIn he’s enthusiastic to be O’Callahan’s “client” in his new placement jogging company progress, strategy, and govt relations for NetApp.

The company’s reorganization of its authorized purpose comes four months just after it experienced a setback in a legal dispute with its previous CEO Daniel Warmenhoven. Bloomberg Law documented in September that NetApp need to facial area a lawsuit filed by Warmenhoven accusing the enterprise of breaching its fiduciary obligation below the Staff Retirement Earnings Security Act.

Warmenhoven claimed NetApp broke a promise to fork out the overall health benefits of its retired executives for existence when the organization finished the approach in 2019. The U.S. Court of Appeals for the Ninth Circuit remanded the scenario submitted by Warmenhoven to a federal district court docket.

Warmenhoven, who stepped down as CEO of NetApp in 2009, joined the board of directors at Elizabeth Holmes-led Theranos Inc. in 2016.

In 2019, NetApp prevailed in a related lawsuit around medical coverage filed versus the organization by quite a few previous executives, such as Warmenhoven.

Compensation

Fawcett acquired just about $3.3 million in complete compensation—including around $2 million in stock awards—from NetApp during fiscal 2021, in accordance to the company’s most the latest proxy assertion.

Bloomberg knowledge exhibits that Fawcett at present owns extra than $6 million in enterprise stock. He marketed off a lot more than $497,000 in NetApp stock final 12 months, for every securities filings.

Fawcett’s very first hire upon becoming a member of NetApp as authorized chief in 2010 was Connie Brenton, who grew to become the company’s chief of team and senior director of legal operations.

Brenton, a previous in-residence attorney at Oracle Corp. and Solar Microsystems Inc., emerged as a thought chief on everything from cybersecurity and knowledge privacy to diversity in her job as a founder and previous president and CEO of the Company Lawful Functions Consortium.

CLOC, a group of legal operations professionals that installed its individual new leadership very last year, saw Brenton resign from the business in 2019 ahead of a determination to allow regulation agency membership. A federal tax submitting by CLOC for that calendar year exhibits Brenton was paid out $180,000 to guide the San Jose, Calif.-centered nonprofit.

Brenton didn’t answer to a request for remark about regardless of whether her place at NetApp will improve thanks to the company’s restructuring of its legal management.