Emulex Announces Promotion of Senior Executives; Paul Folino Expands Role to Chairman and CEO; Kirk Roller Promoted to President and COO.Business Editors & High-Tech Writers
COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--June 12, 2002
Emulex Corp. (Nasdaq:EMLX), the world's leading supplier of storage networking host bus adapters (HBAs), today announced the promotion of two senior executives.
Paul F. Folino will expand his activities to add the responsibilities of chairman of the board to his existing role as 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. , a position that he has held at Emulex since 1993. Kirk Roller, 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. of Emulex, will take on the additional role of president as part of his newly expanded duties. The executive positions are effective as of July 1, 2002.
As chairman of the board, Folino will succeed Fred Cox, a founder of Emulex, who will continue to serve the board as chairman emeritus. "I've been honored to serve Emulex as chairman for over 20 years. It is now my privilege to pass on the role of chairman to Paul Folino, who has guided Emulex to become one of the largest and most successful storage networking companies in the world," said Cox.
Recently, IDC identified Emulex as the world's largest supplier of Fibre Channel HBAs for the storage networking market, also noting that Emulex continued to add to its leading share in both units and revenue during calendar 2001.
In his expanded role as president and COO, Roller will continue to report directly to Folino. Roller will assume responsibility for all engineering, marketing and sales functions for Emulex, encompassing both IP and Fibre Channel storage networking product lines.
This will enable Emulex to maximize the benefits of its robust, market leading architecture across multiple technologies while continuing to leverage customer relationships. Ron Quagliara, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Emulex, will continue to focus on strategic technology initiatives and will continue to report to Folino.
Emulex is a leading supplier and developer of storage networking host bus adapters based on both Fibre Channel and IP networking technologies. The Emulex product families are based on internally developed ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. , firmware and software technologies, and offer customers high performance, scalability, flexibility and reduced total cost of ownership.
The company's products have been selected by the world's leading server and storage providers, including, Dell, 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. , Fujitsu Siemens, Groupe Bull, Hewlett-Packard Co., Hitachi Data Systems See HDS. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).
NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Network Appliance and Unisys. In addition, Emulex includes industry leaders Brocade, INRANGE, Intel, Legato, McDATA, Microsoft and VERITAS among its strategic partners.
Emulex markets to OEMs and end users through its own worldwide selling organization, as well as its two-tier distribution partners, including ACAL ACAL Asociación de Archiveros de Castilla Y León (Castille and Leon, Spain)
ACAL Academia de Ciencias de América Latina (Spanish: Academy of Sciences of Latin America, Venezuela) , Avnet, Bell Microproducts, Info-X, Netmarks, Tech Data, TidalWire and Tokyo Electron. Corporate headquarters are located in Costa Mesa. News releases and other information about Emulex are available at www.emulex.com.
EMULEX -- We network storage
"Safe Harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995
With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; fluctuation in the growth of Fibre Channel and IP markets; changes in economic conditions or changes in end-user demand for technology solutions; fluctuations or delays in customer orders; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q.
This news release refers to various products and companies by their trade names. In most, if not all, cases these designations are claimed as trademarks or registered trademarks by their respective companies.