Emulex Appoints Margie Evashenk As Chief Development Executive
Evashenk Brings Over 20 Years of Experience and Will Drive Engineering and Development
COSTA MESA, Calif., May 17, 2011 – Emulex Corporation (NYSE:ELX) today announced that Margie Evashenk has been promoted as the company’s chief development executive. In this position, Evashenk will oversee all of the company’s engineering functions, a role previously held in interim by Emulex president and chief operating officer, Jeff Benck. Evashenk will continue to report directly to Benck.
“Margie has a proven track record of creating high performance teams and I am confident under her leadership that she will take our global engineering team to the next level,” said Jeff Benck, president and chief operating officer, Emulex. “I congratulate her on this important new role within the company and believe she can build on her success in helping us continue to innovate and expand our leadership position in Fibre Channel, 10Gb Ethernet and converged networking technologies. "
Margie Evashenk joined Emulex in 2006 and in her new role as chief development executive, is responsible for leading development and support for the broad range of Emulex products, while fostering innovation to ensure a competitive edge. Prior to this role, Evashenk served as the senior vice president of engineering at Emulex, responsible for ASICs, hardware, and embedded products.
“I'm thrilled to be leading such a talented team of engineers around the world,” said Margie Evashenk, chief development executive, Emulex. “I look forward to leveraging our broad and deep talent pool to further Emulex’s position in current markets, while also investing in building out new and emerging product areas.”
Evashenk joined Emulex through the acquisition of Sierra Logic, where she was a co-founder and vice president of engineering. Prior to that, she held various positions in engineering and R&D management at HP and Agilent Technologies. She holds a BS in Electrical Engineering from the University of California, Davis.
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Emulex, the leader in converged networking solutions, provides enterprise-class connectivity for servers, networks and storage devices within the data center. The Company's product portfolio of Fibre Channel host bus adapters, network interface cards, converged network adapters, encryption solutions, controllers, embedded bridges and switches, and connectivity management software are proven, tested and trusted by the world's largest and most demanding IT environments. Emulex solutions are used and offered by the industry's leading server and storage OEMs including, Apple, Cisco, Dell, EMC, Fujitsu, Hitachi, Hitachi Data Systems, HP, Huawei, IBM, LSI, Lenovo, NEC, Oracle, NetApp, Samsung and ZTE. Emulex is headquartered in Costa Mesa, Calif., and has offices and research facilities in North America, Asia and Europe. More information about Emulex (NYSE:ELX) is 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. These forward-looking statements include, among other matters, statements concerning Emulex’s acquisition of ServerEngines Corporation, including anticipated benefits expected from the acquisition, expected impact on Emulex’s results of operations and financial condition, and expected market opportunities; Emulex’s business outlook, as well as expectations of other future events and future performance. Emulex wishes to caution readers that a number of significant factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include among others, the anticipated benefits of the combined companies may not be achieved, the combined operations may not be successfully integrated in a timely manner, if at all, and other risks inherent in acquisitions of businesses, including unanticipated costs and expenditures, potential changes in relationships with strategic partners, potential contractual or intellectual property issues, and potential accounting charges and write-downs; as well as changes in economic and industry conditions and the effects of ongoing global economic uncertainty, changes in end user demand for technology solutions; the effect of any actual or potential unsolicited offers to acquire Emulex; Emulex’s dependence on a limited number of customers and the effects of the loss of, or decrease or delays in orders by, any such customers, or the failure of such customers to make payments; the emergence of new or stronger competitors as a result of consolidation movements in the market; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the effect of rapid migration of customers towards newer, lower cost product platforms; slower than expected growth of the storage networking market or the failure of Emulex’s Original Equipment Manufacturer (“OEM”) customers to successfully incorporate Emulex products into their systems; delays in product development; the highly competitive nature of the markets for Emulex’s products; Emulex’s ability to gain market acceptance for its products; any inadequacy of Emulex’s intellectual property protection or the potential for third-party claims of infringement; Emulex’s ability to attract and retain skilled personnel; and Emulex’s reliance on third-party suppliers. These and other factors that could cause actual results to differ materially from those in the forward-looking statements are also discussed in Emulex’s filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q. Statements in this release are based on current expectations and, except as required by law, Emulex undertakes no obligation to revise or update any forward-looking statements for any reason. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.