SALT LAKE CITY
Aug. 5, 2013
(NYSE: FIO) today announced that its Board of Directors has appointed
John F. Olsen
, age 61, as a director of the company, effective
August 1, 2013
. Olsen served as president and chief operating officer of Business Objects, a provider of business intelligence solutions, from 2001 to 2004, before becoming a private investor. He also served as a director of Borland Software Corporation from
, and as chairman of that board from
to July 2009. Olsen will serve on the Audit Committee and Nominating and Corporate Governance Committee of the Fusion-io Board of Directors.
"We are pleased to welcome John to the board of directors," said
, chairman and chief executive officer of Fusion-io. "John's experience in steering technology companies through key stages of growth should add tremendous value to our business."
"Fusion-io is a market leader focused on helping businesses to extract real-time intelligence from their information assets," said Olsen. "I look forward to working closely with Shane and the board to help Fusion-io maintain its leadership in this dynamic industry."
Olsen is a seasoned board member with more than 30 years of experience in technology leadership and management consulting. Prior to joining Business Objects, Olsen served as president and chief executive officer of Marimba, Inc., a provider of Internet infrastructure management solutions, and before that as president of the Design Realization Group of Cadence Design Systems, Inc. Before joining Cadence in 1993, Olsen held the position of partner, Strategic Services, at KPMG Peat Marwick.
Fusion-io delivers the world's data faster. Our Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications. From e-commerce retailers to the world's social media leaders and Fortune Global 500 companies, our customers are improving the performance and efficiency of their data centers with Fusion-io technology to accelerate the critical applications of the information economy.
Forward Looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including statements relating to the expected benefits associated with the appointment of Mr. Olsen to the Fusion-io Board of Directors. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially from those contained, anticipated, or implied in any forward-looking statement, including the risks set forth in the registration statements and reports that Fusion-io files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at
. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or will occur. Fusion-io undertakes no obligation to update publicly any forward-looking statement for any reason after the date of this press release.
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