EMC Announces Election of David Strohm to Board of Directors.Business Editors/High-Tech Writers HOPKINTON, Mass.--(BUSINESS WIRE)--Oct. 23, 2003 Veteran Venture Capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. Brings Extensive Director Experience and Deep Software Knowledge to Storage Leader's Board EMC Corporation EMC Corporation (NYSE: EMC) is an American Fortune 500 and S&P 500 manufacturer of software and systems for information management and storage. It is headquartered in Hopkinton, Massachusetts, USA. (NYSE NYSE See: New York Stock Exchange :EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. ) today announced the election of David Strohm to its board of directors. Mr. Strohm has been prominent in the venture capital field for more than two decades as a general partner with Greylock Partners, one of the largest early-stage U.S. venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] with more than $1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . At Greylock, Mr. Strohm has led the firm's involvement with companies such as Mentor Graphics, ccMail and Forte Software. He has been a founding investor and board member of more than 20 software companies, of which nine have gone on to be publicly-traded. Mr. Strohm has been appointed to EMC's 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. and Nominating Committee and expands EMC's board to nine members. Mike Ruettgers, EMC's Executive Chairman, said, "As a highly respected member of the venture capital community, David brings a broad range of experience and a deep understanding of the IT market, particularly software, to EMC's board. The addition of David's seasoned industry perspective will further strengthen the board's already extensive roster of individuals experienced in working with many of the world's most successful management teams." Mr. Strohm, 55, has been with Greylock since 1980 and founded Greylock's California office in 1983. Mr. Strohm was a director of LEGATO Systems, Inc. from its founding in 1988 until its acquisition by EMC in October 2003. Mr. Strohm is a director of three other public companies including Doubleclick, Internet Security Systems and Switchboard. He is also currently a board member of several private companies. He holds a B.A. from Dartmouth College and an M.B.A from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . Mr. Strohm is the third independent director to join EMC's board in the past two years. Gail Deegan, the former Executive Vice President and Chief Financial Officer of Houghton Mifflin Company, joined the board in July 2002, and Windle Priem, Vice Chairman of Korn/Ferry International, a global executive recruiting company, became a director in December 2001. About EMC EMC Corporation (NYSE:EMC) is the world leader in information storage systems, software, networks and services, providing automated networked storage solutions to help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.EMC.com. |
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