Cray Inc. Names Scott Poteracki as Chief Financial Officer; Brings Broad Finance and Operational Experience in High Technology Companies.Business Editors SEATTLE--(BUSINESS WIRE)--Oct. 28, 2002 Global supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very leader Cray Inc. (Nasdaq:CRAY) today announced the appointment of Scott Poteracki as Vice President -- Finance and Chief Financial Officer. Poteracki, age 49, served from March of this year as the Chief Financial Officer of Racal Instruments Group, Ltd. of Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). , a manufacturer of electronics test and measurement equipment and systems sold to high technology companies world-wide. Prior to joining Racal Instruments, he was Corporate Controller and Senior Director, Finance, of Broadcom, Inc., a leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, video and data. At Broadcom, Poteracki was responsible for financial activities worldwide, including treasury, tax, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and analysis, external reporting, and the business unit controllers. From 1978 to June 2000, when he joined Broadcom, Poteracki held a number of positions at Motorola, Inc., most recently as Corporate Vice President and Director, Finance of its Internet and Networking Group, headquartered in Boston, and Vice President and Director, Finance of the Computer Group headquartered in Chicago. Before joining Motorola, he was with Coopers & Lybrand for two years. Poteracki received a BS, Accounting, from the University of Illinois University of Illinois may refer to:
abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. and 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. . "We have taken this step to strengthen our management group," said James E. Rottsolk, Cray's Chief Executive Officer and President, "one of our stated objectives. Scott brings to us broad financial and operational experience from more than twenty-five years in a variety of high technology companies. We look forward to working with him as we address our growth opportunities in introducing our new supercomputer products into the high performance computer market." Poteracki replaces Douglas C. Ralphs, who resigned to pursue other interests. About Cray Inc. Cray is the premier provider of supercomputing solutions for its customers' most challenging scientific and engineering problems. Go to www.cray.com for more information about the company. |
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