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Press Contact: Robin Austin, Director, Public Relations, 714-885-3462
Emulex Chief Executive Wins Prestigious Technology Council of Southern California "CEO of the Year" Award
Jim McCluney Honored for Emulex's Outstanding Performance in 2007 and for Advancing Technology Innovation in Southern California
COSTA MESA, Calif., February 28, 2008 - Emulex Corporation (NYSE: ELX) today announced the Technology Council of Southern California has named its President and Chief Executive Officer Jim McCluney, the winner of the prestigious "CEO of the Year" award. McCluney will be honored at the 14th Annual Technology Industry Awards gala this evening in Los Angeles. McCluney was recognized for his achievements, such as diversifying the company and leading Emulex to its ninth consecutive year of revenue growth, and for his role advancing technological innovation in Southern California.
"With a successful strategy for growth and diversification based on two acquisitions, Jim McCluney has guided Emulex to expand into new markets, ensure innovation, and accelerate revenue growth," said Catrina Luedtke, executive director of The Technology Council of Southern California. "His vision and leadership have been recognized by our panel of judges because he has helped his company to stand at the forefront of technology innovation, serving as an example for the Southern California technology community."
The "CEO of the Year" award is presented to the CEO of a technology company headquartered in Southern California that has been in operation at least five years, and receives the highest aggregate ratings in sales growth, job growth in Southern California, profitability, product innovation, industry trade organizations, legislative activities pertinent to the technology industry, and community and industry involvement. In addition to this prominent award, McCluney was also named a "Person to Watch" in 2007 by the Orange County Business Journal.
With more than 30 years of experience in the high technology sector, McCluney has served as an officer of Emulex since 2003, adding the role of president and chief executive officer in September 2006. Under his leadership, Emulex has diversified its business and experienced strong financial execution as illustrated by Emulex's most recently reported quarter, which was the highest in the company's 30-year history. McCluney also remains active in the community and currently serves as a member of the UC Irvine CEO Roundtable and a board member of The Henry Samueli School of Engineering at UC Irvine.
"It is an honor to be chosen by the Technology Council as 'CEO of the Year' from such a large group of highly qualified CEOs and technology companies in Southern California," said Jim McCluney, president and CEO, Emulex Corporation. "Our success in 2007 is a testament to the smart planning and tireless execution of the more than 800 Emulex employees around the world. Their commitment and dedication, coupled with our diversification, revenue and market share growth, has been key to delivering to our customers the technologies needed to help them address pain points related to server virtualization, tiered storage and data center consolidation and convergence. With our focus on these trends, we have become the preferred partner and supplier to the world's top-tier OEMs and our products are deployed by more 95% of the Fortune 100."
The Technology Industry Awards, now in their fourteenth year, recognize industry leaders and companies that have made extraordinary contributions to the growth of Southern California as a center for technological innovation. The 2008 awards will be presented during a gala dinner ceremony at the historic Millennium Biltmore Hotel in Los Angeles February 28, 2008.
About the Technology Council of Southern California
The Technology Council of Southern California is the premier forum for the region's technology leaders, providing events, connections, information and resources to help technology companies succeed. From recognizing excellence in innovation through its annual awards event to providing access to funding through VentureNet, the Technology Council supports companies throughout their entire corporate lifecycles. Founded in 1991 as the Software Council of Southern California, the Technology Council has a 15-year history of supporting technology companies across the region. For more information, visit www.tcosc.org.
About Emulex
Emulex Corporation creates enterprise-class products that intelligently connect storage, servers and networks. The world's leading server and storage providers rely on Emulex's award-winning HBAs, intelligent storage platforms and embedded storage products, including switches, bridges, routers and I/O controllers, to build reliable, scalable and high-performance storage and server solutions. Emulex is 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 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. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; fluctuation in the growth of Fibre Channel and IP markets; changes in economic conditions or changes in end user demand for technology solutions; fluctuations or delays in customer orders; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
