McDATA Names Vice President of Manufacturing.BROOMFIELD, Colo. -- Former Sun Microsystems/StorageTek Executive Brings More Than 20 Years of Manufacturing Management Experience to McDATA McDATA Corporation (Nasdaq:MCDTA) (Nasdaq:MCDT MCDT Micro Credit Development Trust SACCO (Uganda microfinance) MCDT Microsoft Certified Desktop Technician ), a leading provider of storage networking solutions, today announced the appointment of Thomas E. Despres as Vice President of Manufacturing. Despres joins McDATA from Sun Microsystems/StorageTek, where he was general manager of StorageTek's manufacturing facilities in Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . In that position, Despres was responsible for the majority of StorageTek's worldwide manufacturing. He also oversaw field reliability of storage products and local services. He was named 2005's "Manufacturing Executive of the Year" by the Puerto Rico Manufacturing Association and earned Industry Week's 2005 "Top 10 Best Plants" for the StorageTek site in Puerto Rico. Despres has also been recognized for creating positive, teamwork-focused cultures and increasing employee satisfaction throughout his career. "Tom brings proven expertise in managing manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. to the McDATA team," said John Kelley
Prior to joining StorageTek, Despres was managing director of ASTEC ASTEC Australian Science and Technology Council ASTEC Applied Software Technology ASTEC Analysis of the Scientific and Technical Evaluation (European Union) ASTEC Advanced Satellite Technology and EHF Communications APS/Emerson Energy Systems' manufacturing operations in Mexico where he developed and deployed supply hub processes that improved on time delivery and reduced overall costs. "I am excited to join McDATA at such a pivotal time in its evolution," Despres said. "We'll make strides in striking a balance between driving results and building a positive work environment to help make those results last." Despres assumed the role of vice president of manufacturing for McDATA in early January 2006. The board of directors has approved a grant of 100,000 Class B stock options issuable under the Company's 2004 Inducement Equity Plan and 40,000 Class B restricted stock units Restricted stock units Similar to restricted stock. However, the unit represents a promise that employees will receive stock in the future. The units do not pay dividends until the stock is vested. issuable under the Company's 2001 Equity Incentive Plan. The options issuable under the 2004 Inducement Equity Plan vest 25 percent each year for four years. About McDATA (www.mcdata.com) McDATA (Nasdaq:MCDTA) (Nasdaq:MCDT) is the leading provider of storage networking solutions, helping customers build, globally connect, optimize and centrally manage data infrastructures across SAN, MAN and WAN environments. With nearly 25 years experience developing SAN products, services and solutions, McDATA is the trusted partner in the world's largest data centers, connecting more than two-thirds of all networked data. Forward-Looking Statements This press release contains statements about expected future events that are forward-looking and subject to risks and uncertainties. Readers are urged to consider statements that include the terms "believes," "belief," "expects," "plans," "objectives," "estimates," "anticipates," "intends," "targets," or the like to be uncertain and forward-looking. Factors that could cause actual results to differ and vary materially from expectations include, but are not limited to, McDATA's relationships with 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. , 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) and Hitachi Data Systems See HDS. and the level of their orders, aggressive price competition by numerous other SAN and IP switch suppliers, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and qualification of our new products -- such as the Intrepid 10000 Director, integration of CNT's sales and marketing functions, manufacturing constraints, constraints in obtaining third party product for resale and other risk factors that are disclosed in McDATA's filings with the Securities and Exchange Commission. These cautionary statements by McDATA should not be construed as exhaustive or as any admission regarding the adequacy of disclosures made by McDATA. All cautionary statements should be read as being applicable to all forward-looking statements wherever they appear. McDATA does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion