ALISO VIEJO, Calif., July 23, 2014 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced the appointment of Ahmet Houssein to the position of senior vice president and general manager of the Ethernet Business Unit, effective immediately.
Houssein has more than 25 years of experience delivering innovative products and driving profitable business growth – from start-up organizations to Fortune 500 corporations. Houssein was president and CEO of Silverback Systems, which was sold to Brocade Communications Systems. Additionally, he held the position of vice president and general manager of Adaptec's Storage Solutions Group. Previously, he was the general manager at Intel Corporation's Home Server Operation and was one of the key leaders in the creation of the Next Generation I/O architecture. Houssein was also a founding board member of the Storage Networking Industry Association (SNIA).
"We are extremely pleased to have Ahmet join QLogic as our senior vice president and general manager of the Ethernet Business Unit," said Prasad Rampalli, president and chief executive officer, QLogic. "Ahmet's industry experience and deep technical capabilities are an important addition to the company as we expand our position in the Ethernet market."
"QLogic's recently acquired Ethernet portfolio, combined with its industry-leading Fibre Channel solutions uniquely positions it to provide differentiated server I/O solutions to a broad enterprise and cloud marketplace," said Houssein. "This is an exciting time to be joining the organization and I look forward to being an integral part of the management team."
Houssein will report directly to Rampalli in his new role.
Why QLogic?
The most advanced networks demand sophisticated capabilities, and for 20 years QLogic has consistently delivered performance, innovation, flexibility, reliability and control for these environments. Breakthrough application performance gives customers faster time-to-data. Innovation delivers new capabilities, greater efficiency and maximum performance. Unprecedented flexibility connects mission-critical applications to any storage network. Reliability is backed by the highest mean-time-between-failure and the industry's only five-year warranties, and robust infrastructure management capabilities put network controls in the hands of customers.
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QLogic – the Ultimate in Performance
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance server and storage networking connectivity products. Leading OEMs and channel partners worldwide rely on QLogic for their server and storage networking solutions. For more information, visit www.qlogic.com.
Disclaimer – Forward-Looking Statements
This press release contains statements relating to future results of the company (including certain beliefs and projections regarding business and market trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The company advises readers that these potential risks and uncertainties include, but are not limited to: unfavorable economic conditions; potential fluctuations in operating results; gross margins that may vary over time; the stock price of the company may be volatile; the company's dependence on the networking markets served; the ability to maintain and gain market or industry acceptance of the company's products; the company's dependence on a small number of customers; the company's ability to compete effectively with other companies; the ability to attract and retain key personnel; the complexity of the company's products; declining average unit sales prices of comparable products; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain third-party subcontractors and contract manufacturers; sales fluctuations arising from customer transitions to new products; seasonal fluctuations and uneven sales patterns in orders from customers; a reduction in sales efforts by current distributors; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; international economic, currency, regulatory, political and other risks; facilities of the company and its suppliers and customers are located in areas subject to natural disasters; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; uncertain benefits from strategic business combinations, acquisitions and divestitures; declines in the market value of the company's marketable securities; changes in and compliance with regulations; difficulties in transitioning to smaller geometry process technologies; the use of "open source" software in the company's products; system security risks, data protection breaches and cyber-attacks; and the company's ability to borrow under its credit agreement is subject to certain covenants.
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