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8-K - FORM 8-K - EMULEX CORP /DE/ | a57154e8vk.htm |
Exhibit 99.1
Investor Contact:
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Press Contact: | |
Frank Yoshino Vice President, Finance +1 714 885-3697 frank.yoshino@emulex.com |
Katherine Lane Director, Corporate Communications +1 714 885-3828 katherine.lane@emulex.com |
Jeff Benck Promoted to Emulex President and Chief Operations Officer
COSTA MESA, Calif., August 26, 2010 Emulex Corporation (NYSE:ELX) today announced that Jeff
Benck has been promoted to the companys president and chief operating officer (COO). In this
position, Benck will focus on delivering growth and diversification of products and technologies
that drive the adoption of Emulex products in the data center. Benck will continue to report
directly to Emulex chief executive officer (CEO), Jim McCluney. This promotion brought forth by
McCluney, has been unanimously approved by the board of directors.
Jeff Benck has been promoted to president and COO based on his successful execution on key
original equipment manufacturer (OEM) design wins and his leadership as the company transformed
itself in order to compete in the emerging 10Gb Ethernet network convergence market, said Jim
McCluney, CEO, Emulex. Based on Jeffs effectiveness at Emulex and his previous leadership roles
across the industry, I am confident that he will help us fully realize the tremendous growth
opportunities in front of us.
I would like to thank Jim and the Board of Directors for their confidence in our ability to
execute and lead in the rapidly growing 10Gb/s Ethernet network convergence market, said Jeff
Benck, president and COO, Emulex. I look forward to continuing my work with Jim and the rest of
the executive team as we expand our data center footprint and strengthen our position as a key
technology provider to server and storage OEMs.
Emulex Announces Leadership Succession | 2
Benck Biography
Jeff Benck joined Emulex in May 2008 as executive vice president and chief operating officer (COO)
and was subsequently appointed to the position of president and COO in August 2010. Benck oversees
the companys engineering, marketing, business development, operations and sales organizations.
Benck also plays a key role in contributing to the corporate strategy and is focused on
diversifying the Emulex product portfolio and delivering growth through the deployment of converged
networking.
Previously, Benck served as president and chief operating officer at QLogic. Prior to joining
QLogic, he spent 18 years at IBM, most recently serving as vice president of xSeries, BladeCenter
and Retail Store Solutions development. While at IBM, Bencks focus included growth initiatives,
product development, marketing and strategy, portfolio management and customer relationships. Benck
is widely known for his role in establishing IBMs blade server product line. His BladeCenter team
received IBMs highest honor with the IBM Chairmans Award for Client Excellence. Benck holds a
Master of Science degree in management of technology from University of Miami and a Bachelor of
Science degree in mechanical engineering from Rochester Institute of Technology. Benck is also a
distinguished inventor in the computer systems field and holds 6 US patents.
Jeff Benck resides in Southern California with his wife Nina
and two daughters, Gabrielle and Gracyn. He continues to enjoy sports after playing NCAA Div III Varsity Basketball for
Rochester Institute of Technology, including basketball and golf.
To learn more about Emulex, please visit: http://www.emulex.com
Follow Emulex on Twitter: http://www.twitter.com/emulex
About Emulex
Emulex is the leader in converged networking solutions for the data center. Our Connectivity
Continuum architecture provides intelligent networking services that transition todays
infrastructure into tomorrows unified network ecosystem. Emulex provides a single framework that
intelligently connects every server, network and storage device within the data center. Through
strategic collaboration and integrated partner solutions, Emulex provides its customers with
industry leading business value, operational flexibility and strategic advantage. Emulex is
Emulex Announces Leadership Succession | 3
listed on the New York Stock Exchange (NYSE:ELX) and has corporate headquarters in Costa Mesa, California.
News releases and other information about Emulex Corporation are available at
http://www.emulex.com.
Emulex Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the
exception of historical information, the statements set forth above include forward-looking
statements that involve risk and uncertainties. These forward-looking statements include, among
other matters, statements concerning Emulexs acquisition of ServerEngines, including anticipated
benefits expected from the acquisition, expected impact on the Companys results of operations and
financial condition, and expected market opportunities; Emulexs business outlook, as well as
expectations of other future events and future performance. Emulex wishes to caution readers that
a number of significant factors could cause actual results to differ materially from those in the
forward-looking statements. Those factors include among others, the anticipated benefits of the
combined companies may not be achieved, the combined operations may not be successfully integrated
in a timely manner, if at all, and other risks inherent in acquisitions of businesses, including
unanticipated costs and expenditures, potential changes in relationships with strategic partners,
potential contractual or intellectual property issues, and potential accounting charges and
write-downs; as well as changes in economic and industry conditions and the effects of ongoing
global economic uncertainty, changes in end user demand for technology solutions; the effect of any
actual or potential unsolicited offers to acquire Emulex; Emulexs dependence on a limited number
of customers and the effects of the loss of, or decrease or delays in orders by, any such
customers, or the failure of such customers to make payments; the rapidly changing nature of
technology, evolving industry standards and frequent introductions of new products and enhancements
by competitors; the effect of rapid migration of customers towards newer, lower cost product
platforms; slower than expected growth of the storage networking market or the failure of our OEM
customers to successfully incorporate our products into their systems; delays in product
development; the highly competitive nature of the markets for our products; our ability to gain
market acceptance for our products; any inadequacy of Emulexs intellectual property protection or
the potential for third-party claims of infringement; Emulexs ability to attract and retain
skilled personnel; and Emulexs reliance on third-party suppliers. These and other factors that
could cause actual results to differ materially from those in the forward-looking statements are
also discussed in Emulexs filings with the Securities and Exchange Commission, including its
recent filings on Forms 8-K, 10-K and 10-Q. Statements in this release are based on current
expectations and, except as required by law, Emulex undertakes no obligation to revise or update
any forward-looking statements for any reason. All trademarks, trade names, service marks, and
logos referenced herein belong to their respective companies.
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