Adaptec Names New Chief Operating Officer.MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 7, 1995--Adaptec Inc. has appointed Bob Stephens, founder and chief executive officer of Power I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output Corp., to the position of chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. today. Stephens, 50, fills a post that was vacated when Grant Saviers was made CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Adaptec in July of this year. (In a separate release issued today, Adaptec announced the acquisition of Power I/O Corp. ). Saviers characterized Stephens' career in high technology as "One of real distinction. Bob's experience in high-performance I/O subsystems, storage peripherals, and networking is a perfect fit for our business. And perhaps most important to us at Adaptec is Bob's demonstrated ability to manage high growth." Prior to founding Power I/O, Stephens was president and CEO of Emulex Corp. He presided over many successes at Emulex, including the rapid growth of the company's SCSI SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. division. Before Emulex, he was senior vice-president and general manager of the Microcomputer microcomputer Small digital computers whose CPU is contained on a single integrated semiconductor chip. As large-scale and then very large-scale integration (VLSI) have progressively increased the number of transistors that can be placed on one chip, the processing capacity Products Group at Western Digital Corp. During his tenure at Western Digital, the communications unit alone grew from start-up to approximately $100 million in two years. Stephens was also founder and CEO of California Network Systems, one of the first local area networking companies, and spent 15 years in executive-level positions at IBM's General Products Division. Adaptec Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ) designs, manufactures, and markets IOware solutions to eliminate performance bottlenecks between micro-computers, networks, and peripherals. Solutions range from simple connectivity products for single-user and small office desktops, to intelligent subsystem, high performance SCSI, RAID, and ATM products for enterprise-wide computing computing - computer and networked environments. Adaptec I/O solutions are incorporated into the products of virtually all the major computer and peripheral manufacturers around the world. Founded in 1981, Adaptec is a recognized leader in high performance I/O technology. Adaptec currently employs approximately 1,900 people, and with its global distribution network, serves customers worldwide. Adaptec's World Wide Web home page address is http://www.adaptec.com. -0- Note to Editors: Adaptec and IOware are trademarks of Adaptec Inc., which may be registered in some jurisdictions. CONTACT: Adaptec Inc., Milpitas Bruce Frymire, 408/957-4893 |
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