SANTA ANA, Calif., March 20, 2007 (PRIME NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) announced today that the company's Chief Technical Officer and Chief Operating Officer Mark Moshayedi has been promoted to President. Mark Moshayedi will continue to hold all his previous offices and report to the company's Chief Executive Officer. This appointment fills the office left vacant following the company's divestiture of its Consumer Division in February 2007.
Mark Moshayedi joined STEC in 1992. Since that time, he also served as secretary and as a director. Moshayedi has been primarily responsible for leading the company's technology development initiative, which significantly contributed to the company's record operating performance in 2006.
About STEC, Inc. (Nasdaq:STEC)
STEC, Inc., designs, develops, manufactures and markets custom memory solutions based on Flash memory and DRAM technologies. For information about STEC and to subscribe to the company's "Email Alert" service, please visit our web site at www.stec-inc.com, click "Investors" and then "Email Alert."
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