HOPKINTON, Mass., Jan. 26, 2016 /PRNewswire/ -- EMC
Corporation (NYSE: EMC) today announced that 28-year EMC financial
executive Denis Cashman has been
named EMC Chief Financial Officer, effective March 1. Cashman
will be responsible for all internal and external financial
responsibilities for EMC's consolidated business. Mr. Cashman will
succeed Zane Rowe, who will become
Chief Financial Officer of VMware, also effective March 1.
Joe Tucci, EMC Chairman and Chief
Executive Officer, commented, "Denis stands among EMC's most
accomplished and highly respected leaders, and it's my great
pleasure to welcome him to his new role as EMC's CFO. I look
forward to Denis' continued contributions as we embark on an
exciting year ahead, including some of the most significant
portfolio enhancements in our company's history."
Denis Cashman added, "I'm
incredibly proud to be part of an exceptional team of people who,
together, have accomplished a great deal over my past twenty eight
years at EMC. It's a privilege now to take on the CFO role. I'm
honored to continue to lead this world-class global finance team
and to partner with the EMC executive management team as we advance
our business and work toward combining forces with Dell."
Mr. Cashman began his professional career with EMC in
Ireland in 1988 as the Finance
Controller for EMC's Cork manufacturing facility. Since then, he
has held numerous financial positions including European Financial
Controller, International Financial Controller, Vice President of
International Finance, Corporate Controller, Chief Accounting
Officer and Chief Operating Officer of Finance, and most recently
Chief Financial Officer for EMC Information Infrastructure and
EMC's Chief Accounting Officer, where he was responsible for
worldwide financial operations, including planning and analysis,
SEC reporting, tax, treasury, governance and compliance.
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