Teradata beefs up its executive entourage to keep pace with meteoric growth rate.Teradata beefs up its executive entourage The e-mail program included in the Macintosh version of Microsoft Office. Combining the functions of Outlook with scheduling capabilities, Entourage was introduced with Microsoft Office 2001 for Mac, the first release of Office for OS X. to keep pace with meteoric me·te·or·ic adj. 1. Of, relating to, or formed by a meteoroid. 2. Of or relating to the earth's atmosphere. 3. growth rate Preparing for rapid sales growth, computer-systems maker Teradata Corp. this month hired high-tech veteran Dr. James C. Castle to run the company on a near-equal par with Chairman Kenneth W. Simonds. Castle takes the job of president from Simonds, and the pair will share the post of chief executive. Castle, with 30 years' sales and management experience in high-tech outfits, pointed to the company's ambitious sales projections: "Teradata is planning to grow at 35 to 40 percent annually over the next few years. The reason I was brought on board was to share the load as the company grows larger, and to further strengthen the management team." The 1954 West Point graduate said his top priorities include grafting grafting, horticultural practice of uniting parts of two plants so that they grow as one. The scion, or cion, the part grafted onto the stock or rooted part, may be a single bud, as in budding, or a cutting that has several buds. Teradata's R&D work into salable sal·a·ble also sale·a·ble adj. Offered or suitable for sale; marketable. sal  a·bil products and to
expand worldwide sales, which comprises 17 percent of the company's
$258 million in annual revenues.
Castle had been chairman, chief executive and president of Infotron Systems Corp., an $85 million-a-year multiplexer See multiplexor and multiplexing. multiplexer - multiplexor maker based in New Jersey. Previously, he supervised operations for $1 billion disk-drive manufacturer Memorex Corp. as its executive vice president. He had been a manager at General Electric Co. and Honeywell Corp. Castle joins the El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and company, a high-flyer that boosted revenues more than five-fold since 1987, as it is rebounding from a disappointing 1990. After losses and layoffs last fall, higher revenues and three profitable quarters have helped propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin its stock from a low of $6.75 a share to $19.50 last week. Teradata has benefitted from a long-term trend of some businesses to move away from mainframes to smaller computers, working in parallel fashion, to manage vast amounts of data. Teradata's parallel-processing systems are used by AT&T, Citicorp and Bell Industries. PHOTO : Castle: The company's new president |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion