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TheStreet Open House

EMC Announces Preliminary Q2 Financial Results And New Executive Appointments

Stocks in this article: EMCVMW

Goulden (53), a 10-year senior EMC veteran, will effective immediately assume full responsibility for EMC's Business Units, Sales and Customer Operations, Services, Marketing and G&A functions.  Goulden's experience at EMC has been broad based and has included managing Global Sales, Marketing, Alliances and Business Development.  He has also been instrumental in making M&A a core competency for EMC by playing a leading role in nearly 70 acquisitions since 2003.  Goulden will also continue to serve as EMC's CFO, a position he has held since 2006.

" David Goulden is a remarkable executive and proven leader with an extraordinary command of EMC's business," said Tucci.  "He has led just about every aspect of our business, driven major change initiatives across the company and helped design innovative business models.  He and his team have also been instrumental to EMC's long-term financial success. All of this coupled with David's broad EMC experience and deep industry knowledge makes him the perfect choice to become President and COO."

Goulden said, "EMC is very well positioned to benefit from almost every major trend in IT – flash storage, converged infrastructure, Big Data and cloud security to name just a few. I look forward to continuing to execute on EMC's strategy and working with such a talented team who embody EMC's high-performance culture."

In joining EMC, Maritz (57), will be driving our efforts in EMC's technology strategy with a particular focus in Big Data and the next generation of cloud-oriented applications.  Maritz, who was one of the early leaders of Microsoft before becoming CEO of VMware, will also assume responsibility for EMC's CTO Office, M&A, strategic investments and emerging technologies.

" Paul Maritz is one of the brightest minds in the IT industry.  He has created a compelling and lasting vision that has transformed VMware from a technology leader in virtualization to a category leader in cloud computing," said Tucci.  "Paul leaves VMware in an enviable strategic position and in great financial health.  We are delighted to have Paul join the leadership team at EMC and look forward to working with him as he leads our technology strategy and directs our efforts on Big Data and emerging applications."

Pat Gelsinger (51) joined EMC in 2009 as President and COO of EMC Information Infrastructure Products. Gelsinger has overseen the introduction of the largest product set in EMC history, accelerated EMC's push into unified storage and led EMC into new market segments including Big Data and flash storage.

" Pat Gelsinger's leadership and technology vision have both transformed and strengthened EMC's broad product portfolio since his arrival," said Tucci. "Pat's unique experience in understanding how software can add value to standard hardware building blocks, as well as his deep understanding of the x86 partner ecosystem and his track record running large scale organizations make him the natural choice to further enhance VMware's competitive positioning and lead VMware through its next phase of growth."

Howard Elias and Jeremy Burton Broaden Responsibilities

Veteran IT executive, Howard Elias (55), currently EMC's President and COO of Information Infrastructure Services with responsibility for EMC Support, Education, Consulting and Pre-Sales assumes added responsibilities for EMC's Solutions Group and EMC's corporate shared services including manufacturing operations, Corporate IT, Centers of Excellence (COEs).  Since joining EMC in 2003, Elias has at various times led EMC's marketing, sales enablement, technology alliances, M&A and new ventures groups. 

Jeremy Burton (44), currently EMC's Chief Marketing Officer, will take on an expanded role as Executive Vice President, Product Operations and Marketing.  Burton has over 20 years experience in the technology industry, most recently as CEO of Serena Software and previously as Group President of Symantec's Security & Data Management Group and Executive Vice President of the Data Management Group at Veritas.  Burton assumes responsibility for EMC's cross business unit product operations, corporate go-to-market functions, OEM and volume channel initiatives.

"The business we have built is at the intersection of three of the most transformative secular trends in the history of IT – Cloud, Big Data and Trust, and I've never been more excited about the opportunity ahead for EMC," said Tucci.  "I remain fully committed and energized to lead this great company as Chairman and CEO through at least 2013." 

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