EMC Appoints Chad Sakac as President of VCE
Aligns for hyper growth of Converged Infrastructure and Solutions
Hopkinton, Mass – January 6, 2016: EMC Corporation (NYSE: EMC) today announced Chad Sakac (@sakacc) has been appointed President, VCE effective immediately. Reporting to David Goulden, CEO, EMC Information Infrastructure, Sakac will be responsible for continued innovation of VCE converged infrastructure and solutions to meet customers’ evolving data center requirements. Sakac, a veteran EMC leader, has been a leading advocate for converged platforms and solutions in the market. He succeeds Praveen Akkiraju who, since taking over VCE in 2012, has played a critical role in growing VCE into a business that exits FY15 on an even higher run rate than the $2 billion+ we previously disclosed. Akkiraju will continue to work for David Goulden in an advisory role.
Sakac has run EMC Global Systems Engineering for three years and will continue to lead this team, maximizing synergies between Global Systems Engineering and VCE.
VCE, which became an EMC business in December 2014 will now become the EMC Converged Platforms Division. As part of this new model, VCE is poised to fully leverage EMC in helping customers implement their IT transformation plans. Tighter alignment within EMC will further simplify technology options and deployment, and provide an even richer customer experience at enterprise scale to drive business competitiveness. With a broad portfolio of converged and hyper-converged offerings, EMC customers can confidently simplify operations and shift resources to increase focus on innovation and business agility.
“Under Praveen Akkiraju’s leadership VCE became the clear converged infrastructure leader with VCE Vblock Systems that were born from our strong partnership with Cisco, and he successfully expanded VCE’s portfolio to accelerate customer adoption of hybrid cloud,” said Goulden. “Going forward, having the VCE team more deeply integrated within EMC allows us to leverage synergies, simplify our go-to-market and improve time to market for our customers. EMC has never been better positioned to capture the huge opportunity that exists for converged infrastructure and solutions, and I am confident that Chad’s passion and industry knowledge will enable us to achieve success.”
“In the past year, VCE has evolved from having a single product to having one of the industry’s broadest portfolios of converged infrastructure and solutions with Blocks, Racks and Appliances,” said Sakac. “I am ecstatic to lead a team that has an incredible track record for success and is laser focused on developing innovative technologies that our customers care about. Converged and Hyper-Converged infrastructure form fundamental, foundational platforms on which Hybrid Clouds, Cloud Native Applications and Data Lake Analytics are built.”
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Forward-Looking Statement Legend
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 Holdings, 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.