VMware Replaces CEO Paul Maritz with Pat Gelsinger

Cloud infrastructure provider VMware

has replaced CEO Paul Maritz with EMC's

COO of information infrastructure products Pat Gelsinger. According to

, Maritz stepped down and was immediately replaced by Gelsinger. EMC owns roughly 80 percent of VMware. Maritz was at VMware for four years and rumors that he will take another position at EMC have yet to be confirmed.

reported a rumor that Maritz could be set to lead Cloud Foundry, the platform-as-a-service started by VMware, but that is far from confirmed. It is not clear at the time of writing why Maritz stepped down to begin with. There have been no reports detailing the reasons for his departure or even the possible reasons. Surely it is only a matter of time before more information is available. On Tuesday, VMware traded at about $81.40, down roughly 3.6 percent. EMC traded at about $22.95, down roughly 1.5 percent.