HOPKINTON, Mass., Jan. 26, 2016 /PRNewswire/ -- EMC
Corporation (NYSE: EMC) today announced that EMC CFO Zane Rowe will move to VMware, Inc. to become
VMware's Chief Financial Officer effective March 1. The appointment is made as EMC
prepares to complete its previously announced combination with
Dell. Once the transaction closes, EMC will be combined with Dell
and VMware will remain a publicly-traded company.
Joe Tucci, EMC Chairman and Chief
Executive Officer, commented, "I'd like to thank Zane for his
extraordinary accomplishments and leadership since joining EMC, and
for enthusiastically embracing the opportunity to become CFO of
VMware. As we drive our business forward, while working towards
completing the Dell transaction, we are highly confident that
Zane's broad industry expertise and skills will serve VMware and
its shareholders well."
Zane Rowe commented, "It's very
exciting to be joining VMware, one of the world's premier software
companies. Since joining EMC, I have worked closely with VMware
CEO, Pat Gelsinger, and the VMware
executive team. VMware has tremendous long-term growth potential. I
look forward to joining the team to help drive long-term growth and
shareholder value while, at the same time, continuing to
collaborate closely with the EMC and Dell teams as we build toward
our future as one of the world's IT powerhouses."
About EMC
EMC Corporation is a global leader in
enabling businesses and service providers to transform their
operations and deliver IT as a service. Fundamental to this
transformation is cloud computing. Through innovative products
and services, EMC accelerates the journey to cloud computing,
helping IT departments to store, manage, protect and analyze their
most valuable asset — information — in a more agile, trusted and
cost-efficient way. Additional information about EMC can be found
at www.EMC.com.
EMC is a registered trademark of EMC Corporation in the United States and other countries. All
other trademarks used herein are the property of their respective
owners.
This release contains "forward-looking statements" as defined
under the Federal Securities Laws. Actual results could
differ materially from those projected in the forward-looking
statements as a result of certain risk factors, including but not
limited to: (i) risks associated with the proposed acquisition of
EMC by Denali Holding Inc., the parent company of Dell Inc.,
including, among others, assumptions related to the ability to
close the acquisition, the expected closing date and its
anticipated costs and benefits; (ii) adverse changes in general
economic or market conditions; (iii) delays or reductions in
information technology spending; (iv) the relative and varying
rates of product price and component cost declines and the volume
and mixture of product and services revenues; (v) competitive
factors, including but not limited to pricing pressures and new
product introductions; (vi) component and product quality and
availability; (vii) fluctuations in VMware, Inc.'s operating
results and risks associated with trading of VMware stock; (viii)
the transition to new products, the uncertainty of customer
acceptance of new product offerings and rapid technological and
market change; (ix) risks associated with managing the growth of
our business, including risks associated with acquisitions and
investments and the challenges and costs of integration,
restructuring and achieving anticipated synergies; (x) the ability
to attract and retain highly qualified employees; (xi)
insufficient, excess or obsolete inventory; (xii) fluctuating
currency exchange rates; (xiii) threats and other disruptions to
our secure data centers or networks; (xiv) our ability to protect
our proprietary technology; (xv) war or acts of terrorism; and
(xvi) other one-time events and other important factors disclosed
previously and from time to time in EMC's filings with the U.S.
Securities and Exchange Commission. EMC disclaims any
obligation to update any such forward-looking statements after the
date of this release.
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SOURCE EMC Corporation