On August 18, Pivotal announced the appointment of Rob Mee as CEO. Mee replaces Paul Maritz, who will assume the newly created role of Executive Chairman. Mee was promoted from his role as Executive Vice President of Products and R&D. Mee was also the founder of Pivotal Labs, one of the foundational pillars around which the larger Pivotal business entity was built. Mee founded Pivotal Labs in 1989 before it was acquired by EMC in 2012. Meanwhile, Pivotal Cloud Foundry recently announced the achievement of $100M in its annual bookings run-rate. Pivotal Cloud Foundry’s financial milestone underscores the success of its reception of its commercial version of the open source cloud platform for building private, public and hybrid clouds. By stepping down as CEO, Paul Maritz ends a 35 year career as an operational manager and expects to have more time to advise other companies and work with the Mifos Initiative, a financial services platform for the “developing world,” as reported by The New York Times.