Adobe Names New Chief Financial Officer; Former Sanmina-SCI Executive Randy Furr to Join Adobe Executive Team.SAN JOSE, Calif. -- Adobe Systems Incorporated (Nasdaq:ADBE ADBE Adobe Systems, Inc. (stock symbol) ) today announced Randy Furr will be named executive vice president and chief financial officer. Most recently, Furr served as president and 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. of Sanmina-SCI Corporation, a leading global electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). company. Furr brings nearly 30 years of experience in financial and operations management in the technology sector, including 13 years at Sanmina-SCI, which he joined in 1992 as executive vice president and chief financial officer. He was instrumental in implementing rigorous financial controls and cost efficiencies as well as corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. compliance. Prior to joining Sanmina-SCI, Furr held a variety of operational and financial management positions with General Signal Corporation. These included general manager of General Signal Thinfilm Company, a manufacturer of semiconductor capital equipment, and general manager of Arrow Engineering, a manufacturer of equipment for the oil and gas industry. He began his career in 1976 in public accounting. Furr is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and holds a bachelor's of business administration degree from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. . Reporting to Adobe Chief Executive Officer Bruce Chizen, Furr will start on May 30, 2006, assuming responsibility for the company's finance, investor relations, information services, purchasing, facilities, global supply chain management and order management organizations. Furr will succeed Murray Demo as Adobe's chief financial officer. "Randy brings the expertise and track record of a successful CFO See Chief Financial Officer. , along with the hands-on business experience of a seasoned operations executive," said Chizen. "This strong combination of skills and experience will be an important addition to Adobe's executive management team and will support his success as CFO of a fast-growing, global, highly-competitive company like Adobe." About Adobe Systems Incorporated Adobe revolutionizes how the world engages with ideas and information -- anytime, anywhere and through any medium. For more information, visit www.adobe.com. (C) 2006 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners. |
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