Cray Inc. Elects Stephen C. Richards to Board of Directors.SEATTLE -- Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that the Board of Directors has elected Stephen C. Richards as a member of the Board. He will serve on the Board's Audit Committee. Richards is 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. and Chief Financial Officer of McAfee, Inc. (NYSE NYSE See: New York Stock Exchange :MFE MFE - maximal free expression ), the leading provider of intrusion prevention and risk management solutions. He served as Chief Online Trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. Officer of E*TRADE Group, Inc., a position he held from March 1999 to June 2000. From 1998 to February 1999, he served as Senior Vice President, Corporate Development and New Ventures at E*TRADE, following two years as E*TRADE's Senior Vice President of Finance, Chief Financial Officer and Treasurer. Prior to joining E*TRADE in April 1996, he was Managing Director and Chief Financial Officer of Correspondent Clearing at Bear Stearns & Companies, Inc., Vice President/Deputy Controller of Becker Paribas and First Vice President/Controller of Jefferies and Company, Inc. Richards 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. . Richards is a member of the Board of Directors of Tradestation Group Inc. and a member of the Board of Governors of the Pacific Stock Exchange. Richards received a B.A. from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Davis and an M.B.A. in Finance from the University of California at Los Angeles. "Cray is an industry leader, and I am very pleased to join the Cray Board," said Richards. "I look forward to working with the Cray Board and management at this exciting time as Cray continues its industry leadership and expands its market share by bringing new products to market." "Steve brings a strong capital markets and finance background to our Board," said James Rottsolk, Cray Chairman and Chief Executive Officer. "Steve is another excellent addition to our Board, and we look forward to working with him as we grow our company." About Cray Inc. As the global leader in high performance computing (HPC (Handheld PC) A palmtop computer that weighs less than one pound and runs specialized versions of popular applications. Microsoft coined the term for its Windows CE operating system, which is an abbreviated version of Windows. See Pocket PC. ), Cray provides innovative supercomputing systems that enable scientists and engineers in government, industry and academia to meet both existing and future computational challenges. Building on years of experience in designing, developing, marketing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of HPC systems that deliver unrivaled sustained performance on a wide range of applications. Go to www.cray.com for more information. |
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