VMware Inc. has named its co-Chief Operating Officer Raghu Raghuram as its new Chief Executive. This step has also prompted Sanjay Poonen, the business software company’s other co-COO,  to depart.

Raghuram is tasked with guiding VMware as a company free from majority owner Dell Technologies Inc., which last month said it would spin off its 81percent stake in the cloud computing giant in exchange for a special cash dividend of $9.7 BN.

Raghuram’s predecessor, Pat Gelsinger, was named Intel Corp.’s chief executive in February.

Raghuram, an 18-year veteran of VMWare, was offered the CEO job after external candidates turned it down, people familiar with the matter said. VMware declined to comment on the other candidates.

In an interview with Reuters, Raghuram said he planned to double down on that strategy by helping VMware customers move their software among multiple cloud providers as well as their own data centers.

“Embedded in the VMware DNA is this Switzerland mentality" of working with all kinds of computing providers, Raghuram said. “What I hope to do is accelerate it even further."

“I will be cheering on the company’s success, as I embark on my next adventure," Poonen said in a statement. He did not provide details on what he would do next.

VMware also said that Sumit Dhawan, a Senior Vice President, will be elevated to the role of president. Zane Rowe, who has served as VMware’s interim Chief Executive while the board undertook a search, will return to his previous job as the company’s Chief Financial Officer.

VMware makes software that helps business customers spread run their software on vast fleets of physical computers in data centers. Gelsinger helped VMware navigate the transition from the era in which most big businesses owned their own data centers to the era of cloud computing, in which companies rent computing power from vendors such as Amazon Web Services or Microsoft Corp.’s Azure.