SAN JOSE, Calif., June 26, 2018 /PRNewswire/ -- Quantum Corp.
(NYSE: QTM) today announced that its Board of Directors has
appointed Jamie Lerner as Chief
Executive Officer and President effective July 1, 2018. Lerner will also be appointed to
Quantum's Board of Directors. Lerner, a seasoned executive with
experience developing innovative technology portfolios and leading
high-growth organizations, will oversee the day-to-day leadership
of the company, including its ongoing business transformation and
cost savings initiatives.
"Jamie is a competitive and energetic leader with a strong
reputation for inspiring teams, fortifying business operations and
directing astute product strategies to deliver bottom-line
results," said Raghu Rau, Chairman
of Quantum. "He understands the storage market dynamics, customer
needs and the opportunities that exist. We look forward to his
leadership in helping Quantum complete its highest priority of
achieving sustained profitability while delivering top storage
solutions and services to customers."
Lerner brings strong storage industry knowledge and deep
cross-functional management experience and has served in top
executive roles at a number of global and Fortune 500 companies,
including Cisco and Seagate. While at Cisco, Lerner led the
turnaround of three business units under the Cloud and Systems
Technology Group, and managed approximately 40 products with more
than 2,500 employees. At Seagate, he served as President of the
Cloud Systems and Solutions business, where he integrated the
Xyratex acquisition, turned around eight quarters of negative
growth, and achieved four consecutive quarters of top line growth
above the plan of record. Most recently, he served as Vice
President and Chief Operating Officer for Pivot3, a hyperconverged
infrastructure and video surveillance technology company, where he
had responsibility for operations, global field sales, customer
support, professional services, manufacturing and supply chain.
"I am excited to join Quantum during this transformative phase,"
said Lerner. "At a time when the industry is experiencing
disruptive technologies and new, evolving storage requirements, I
see much opportunity for Quantum and its ability to drive customer
success. I am truly excited to work with our customers,
employees, partners and shareholders to drive the next phase of
Quantum's success."
The appointment of Lerner follows the company's recent
announcement of Michael Dodson as
Chief Financial Officer effective May 31,
2018.
About Quantum
Quantum is a leading expert in scale-out tiered storage, archive
and data protection, providing solutions for capturing, sharing,
managing and preserving digital assets over the entire data
lifecycle. From small businesses to major enterprises, more than
100,000 customers have trusted Quantum to address their most
demanding data workflow challenges. Quantum's end-to-end, tiered
storage foundation enables customers to maximize the value of their
data by making it accessible whenever and wherever needed,
retaining it indefinitely and reducing total cost and complexity.
See how at www.quantum.com/customerstories.
Quantum and the Quantum logo are registered trademarks of
Quantum Corporation and its affiliates in the United States and/or other countries. All
other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains
"forward-looking" statements. All statements other than statements
of historical fact are statements that could be deemed
forward-looking statements. Quantum advises caution in reliance on
forward-looking statements. Forward-looking statements include,
without limitation, the statements regarding Quantum's ongoing
business transformation efforts and priorities and Quantum's
opportunities in the market in which it competes. All
forward-looking statements are based on information available to
Quantum on the date hereof. These statements involve known and
unknown risks, uncertainties and other factors that may cause
Quantum's actual results to differ materially from those implied by
the forward-looking statement, including unexpected changes in the
Company's business. More detailed information about these risk
factors, and additional risk factors, are set forth in Quantum's
periodic filings with the Securities and Exchange Commission,
including, but not limited to, those risks and uncertainties listed
in the section entitled "Risk Factors," in Quantum's Quarterly
Report on Form 10-Q filed with the Securities and Exchange
Commission on November 9, 2017.
Quantum expressly disclaims any obligation to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
Contacts:
Public Relations:
Bob Wientzen
Quantum Corp.
720-201-8125
bob.wientzen@quantum.com
Investor Relations:
Molly Presley
Quantum Corp.
425-201-1481
ir@quantum.com
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SOURCE Quantum Corp.