Charles Westling Named Chief Executive Officer of Datalink; Greg Meland Appointed Chairman; Strategic Realignment of Executives Designed to Benefit Operational, Financial Growth.MINNEAPOLIS -- Datalink Corporation Datalink Corporation (NASDAQ: DTLK) is an American data storage corporation with operations throughout the United States. The company engages in the design, installation, and support of data storage infrastructures that store, protect, and provide continuous access to (Nasdaq:DTLK), a leading independent information storage architect, today announced that Charles Westling, 46, currently 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 the company, has been promoted to chief executive officer, effective immediately. Westling has also been nominated nom·i·nate tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates 1. To propose by name as a candidate, especially for election. 2. To designate or appoint to an office, responsibility, or honor. to join Datalink's board of directors. Greg Meland, 52, currently chief executive officer, has been named chairman. Greg will succeed Robert Price Robert Price may refer to:
As 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. , Westling will be responsible for Datalink operational planning, implementation of business plans and overall company growth. Westling joined Datalink in January 2002 as vice president of business development. He was appointed president and chief operating officer in 2003. During his tenure, Westling has forged and strengthened relationships with key technology providers, focused Datalink on enterprise-level accounts and enhanced the company's strategic selling approach. "I am honored to serve as the new leader of Datalink and appreciate the confidence the board and Greg have in me," stated Westling. "As CEO, my goal will be to maximize the value we deliver to our customers, shareholders and partners. I am optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about where we are as a company today and where our prospects lie. I look forward to working with our talented team of employees to build on the strong foundation we have in place and drive greater growth and success." Meland joined Datalink in 1991 and has served as chief executive officer since 1993. During Meland's tenure, Datalink has evolved from a small privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. to become a publicly-held company that is a leading independent information storage architect. Datalink has previously issued guidance for revenues of $108 to $112 million for the year ending December 31, 2005. As chairman, Meland will lead Datalink's efforts on new strategic opportunities such as acquisitions and strategic partnerships and continue to work with Westling and the Datalink team to effectively grow Datalink's business especially in the areas of customer and vendor relationships. "I look forward to continuing to serve Datalink in my new role as chairman," said Meland. "As an ongoing board member and participating member of Datalink's senior management team, I will remain actively involved in Datalink. We see tremendous opportunity for growth. The best way to pursue these opportunities is to align the company's executives in a way that capitalizes on each of our strengths. The company has evolved and is at a point where it's advantageous for Charlie to be responsible for planning and managing the business, giving me the ability to refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. my efforts to strategically guide Datalink into the future. We see this step as a true win-win for our customers, shareholders and employees." Board director Jim Ousley said, "We believe this re-alignment allows us to best utilize and leverage the strengths and talents of Greg and Charlie in helping guide the company to its next stage of growth and profitability. The board also wants to thank Bob for his service as chairman for seven years and welcome Greg in his new capacity." Datalink's third-quarter 2005 revenues grew 22 percent from the prior-year period. The company posted net earnings of $295,000 compared to a net loss of $717,000 in the 2004 third quarter. Datalink Corporation is an information storage architect. The company analyzes, designs, implements, and supports information storage infrastructures that store, protect, and provide continuous access to information. Datalink's specialized capabilities and solutions span storage area networks, network-attached storage See NAS. , direct-attached storage Direct-attached storage (DAS) refers to a digital storage system directly attached to a server or workstation, without a storage network in between. It is a retronym, mainly used to differentiate non-networked storage from SAN and NAS. , and IP-based storage, using industry-leading hardware, software, and technical services. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . This press release contains forward-looking statements, including our internal projections of anticipated 2005 operating results, which reflect our views regarding future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties, including those identified below, which could cause actual results to differ materially from historical results or those anticipated. The words "aim," "believe," "expect," "anticipate," "intend," "estimate" and other expressions which indicate future events and trends identify forward-looking statements. Actual future results and trends may differ materially from historical results or those anticipated depending upon a variety of factors, including, but not limited to: the level of continuing demand for storage, including the effects of economic conditions; competition and pricing pressures and timing of our installations that may adversely affect our revenues and profits; fixed employment costs that may impact profitability if we suffer revenue shortfalls; revenue recognition policies that may unpredictably defer reporting of our revenues; our ability to hire and retain key technical and sales personnel; our dependence on key suppliers; our ability to adapt to rapid technological change; risks associated with possible future acquisitions; fluctuations in our quarterly operating results; future changes in applicable accounting rules; and volatility in our stock price. Our revenues for any particular year are not necessarily reflected by our backlog of contracted orders, which also may fluctuate unpredictably. We also cannot assure that the strategic realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of our senior executive team will beneficially impact our operating results or stock price. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion