David A. Young Joins Adaptec as Chief Financial Officer.Business Editors MILPITAS, Calif.--(BUSINESS WIRE)--Oct. 10, 2000 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 ) the global leader in innovative storage solutions, today announced that David A. Young has joined the company as vice president and chief financial officer. Mr. Young joins Adaptec from Datum The singular form of data; for example, one datum. It is rarely used, and data, its plural form, is commonly used for both singular and plural. , Inc., an Irvine, Calif.-based synchronization solutions company, where he served most recently as vice president and CFO See Chief Financial Officer. . While at Datum, Mr. Young saw the company's revenues increase more than 430 percent over a five-year period. Prior to Datum, Mr. Young was chief executive officer and CFO at Blower-Dempsey, a Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.-based paper and chemical company. He also has held senior executive and financial positions at Alpha Micro and MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. Data Corp., both located in Costa Mesa, Calif. "David Young brings 20 years of CFO experience and a very successful track record to Adaptec," said Bob Stephens, president and chief executive officer at Adaptec. "We are confident his financial leadership will enable Adaptec to strengthen its position as a world-class supplier of global storage solutions and execute on its long-term growth and success." Mr. Young graduated from Indiana University and currently is the national vice chairman of the Financial Executives Institute. About Adaptec Adaptec (NASDAQ:ADPT) is the global leader in innovative storage solutions. Adaptec's hardware and software solutions for business and Internet applications move, manage, and protect critical data and digital content so people can do business more effectively. Adaptec's storage solutions are found in the high-performance networks, servers, workstations and desktops of the world's leading manufacturers, and are sold through distribution channels to ISPs, enterprises, medium and small businesses and consumers. Adaptec is an S&P 500 and a NASDAQ 100 member. More information is available at http://www.adaptec.com. |
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