News Column

Fusion-io Announces Shakeup

May 8, 2013

Fusion-io Inc. (NYSE: FIO) today announced that Shane Robison has been named chairman, CEO and president, effective immediately. Mr. Robison, who is a director of the Fusion-io Board of Directors, succeeds David Flynn, who has resigned as CEO and president to pursue entrepreneurial investing activities.

The company also announced that co-founder, Rick White, has resigned as Chief Marketing Officer to join Mr. Flynn in early stage investing activities. Messrs. Flynn and White will both remain members of the Board and will serve in advisory roles to the company for the next 12 months.

Mr. Robison, 59, has more than 30 years of experience in senior business management and product development roles with some of the world's leading technology companies, including AT&T Labs, Cadence Design Systems and Apple. He most recently served as Executive Vice President and Chief Strategy and Technology Officer of Hewlett-Packard Company from May 2002 until November 1, 2011.

"Shane Robison is a proven executive with the experience and expertise to lead Fusion-io as we enter our next phase of growth and development," said Scott Sandell, lead independent director of the Fusion-io Board. "Over the course of his career, Shane has demonstrated an ability to develop the critical corporate strategies to help innovative companies scale and grow globally. Shane's understanding of our business, significant international experience, and deep industry and partner relationships make him ideally suited to lead Fusion-io as we seek to accelerate the company's strategic and financial goals to enhance shareholder value."

"I am honored to lead Fusion-io through its next chapter of growth," said Mr. Robison. "Fusion-io has long been recognized for its visionary technology, and I look forward to working closely with the company's talented team as we continue to develop the critical technology that we all rely on to deliver the world's data faster. As the use of data grows, IT professionals need more effective and efficient ways to power their business-critical applications. Fusion-io has an incredible opportunity to continue to transform the software defined storage industry. Our customer relationships are strong, and working with the company's exceptional management team, I am excited to lead Fusion-io."

"On behalf of the Board and entire Fusion-io team, I want to thank David and Rick for their significant contributions to the creation, development and growth of the company," said Mr. Sandell. "David and Rick's vision as co-founders has redefined memory technology and had a profound impact on our industry. Under their leadership, Fusion-io has developed into one of the world's leading technology companies, helping businesses increase datacenter efficiency. They played an important role in taking the company public and developing a strong framework from which Fusion-io can grow to the next level."

Fusion-io noted that today's announcements are not related to any issues regarding the integrity of the company's financial statements or accounting policies and practices.

SOURCE Fusion-io, Inc.





Source: Copyright PRNewswire 2013


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