EMC Names Jack T. Mollen Senior Vice President, Human Resources; Former Citigroup Executive to Lead EMC Global Recruiting and Employment Functions.HOPKINTON, Mass.--(BUSINESS WIRE)--Nov. 23, 1999-- 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. , the world's leading provider of enterprise storage systems, software and services, today named Jack T. Mollen Senior Vice President of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Mollen will be responsible for worldwide recruiting, training, benefits and employment-related functions for one of the world's fastest-growing technology companies. EMC's workforce, currently more than 16,000, has nearly doubled over the past year as a result of the company's strong revenue growth and its recent acquisition of Data General Corporation. Mollen joins 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. from Citigroup Inc., where he was Vice President of Human Resources for Citigroup's 80,000-person Global Operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. and Technology organization. He played a key employee-integration role following the 1998 merger of Citicorp and Travelers Group, Inc. Mollen will report to EMC President and 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. Michael C. Ruettgers. "Human resource management is a top priority at EMC," said Ruettgers. "Our hiring, training, developing and retaining of thousands of people must be executed at a world-class level to keep up with the rapid growth that EMC is experiencing. In order for EMC to maintain its position as the industry's leader, we must scale our productive and passionate workforce with people who share our vision, our competencies and our drive for success. I believe Jack's stature and experience will help us accomplish these goals." EMC's annual revenue has increased from less than $200 million in 1990 to greater than $5 billion expected in 1999. EMC is now the storage market's premier visionary and clear leader. As EMC management works to meet customer demand, while also moving the industry forward, human resource management has become a core focus. Over the past few years, EMC has developed comprehensive human resource plans to prepare the company to manage a $10 billion-plus operation in the year 2001. Prior to joining Citigroup in 1997, Mollen spent 20 years in a number of roles with Harris Corp., most recently as Vice President of Administration for the company's 12,000-person Electronic Systems sector. He was responsible for the sector's human resources, information systems, engineering services, mergers and acquisitions and corporate quality functions. Mollen holds a degree in Economics from St. John Fischer John Fischer (* 1930 in Antwerpen) is a pianist, composer and sculptor. During the 1970s, during the loft jazz era in New York City, Fischer ran a performance loft and gallery known as Environ. He is leader of the group Interface and he performed with a.o. College in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and a Master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in Labor Relations from St. Francis College in Pennsylvania. EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts Hopkinton is a town located in southwestern Middlesex County, Massachusetts, about 40 km (26.4 mi) from Boston. It is one of nine towns that are part of the region known as MetroWest. The population was 13,346 at the 2000 census. , is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , Windows NT and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.EMC.com. EMC is a registered trademark of EMC Corporation. Other trademarks are the property of their respective owners. This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) component quality and availability; (ii) delays in the development of new technology and the transition to new products; (iii) competitive factors, including but not limited to pricing pressures, in the computer storage market; (iv) the relative and varying rates of product price and component cost declines; (v) economic trends in various geographic markets and fluctuating currency exchange rates; (vi) deterioration or termination of the agreements with certain of the Company's resellers or OEMs; (vii) the uneven pattern of quarterly sales; (viii) risks associated with strategic investments and acquisitions; (ix) Year 2000 issues; and (x) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. |
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