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Adaptec Announces New Chief Financial Officer Mary Dotz to Join Adaptec



2008-03-31 13:05:00

Adaptec Announces New Chief Financial Officer

Mary Dotz to Join Adaptec

MILPITAS, CA–( EMWNews – March 31, 2008) – Adaptec, Inc. (NASDAQ: ADPT), a global leader

in storage solutions, today reported that Mary Dotz will assume the

position of chief financial officer beginning on March 31, 2008. In this

role, Ms. Dotz will manage finance, accounting, legal, investor relations,

and information technology. Chris O’Meara, Adaptec’s former CFO, will be

assisting the company to ensure a smooth transition.

“We are extremely pleased to have Mary Dotz taking on the role of CFO,”

said Sundi Sundaresh, Adaptec’s chief executive officer. “Mary’s

extraordinary breadth of finance experience and business leadership will be

a great asset for Adaptec. We look forward to working with her and the

contributions she will bring to the company.”

“I am excited to join the team at Adaptec,” said Mary Dotz, Adaptec’s new

chief financial officer. “Adaptec has a long history of innovation and I

believe the company has a great deal of opportunity ahead of it. I am

excited about helping the team maximize Adaptec’s potential.”

Mary Dotz brings to Adaptec over 25 years of finance experience. Most

recently, Mary Dotz was the CFO of Beceem Communications, a maker of WIMAX

chipsets, where she successfully raised private investment capital and

built the finance department. Prior to Beceem, she was CFO at Pinnacle

Systems and VP of Finance and Corporate Controller at NVIDIA. She holds a

B.S. in Business Administration from San Diego State University and an

M.B.A. from the University of Southern California.

“During Chris’ tenure at Adaptec, he has made significant contributions to

the processes and infrastructure of the finance team,” stated Sundi

Sundaresh. “We appreciate the effort and contributions he brought to


Safe Harbor Statement

This news release includes forward-looking statements within the meaning of

Section 27A of the Securities Act of 1933, as amended, and Section 21E of

the Securities and Exchange Act of 1934, as amended. Forward-looking

statements are statements regarding future events or the future performance

of Adaptec, and include statements regarding the expected contributions

Mary Dotz will make to Adaptec, Ms. Dotz’s belief that Adaptec has a great

deal of opportunity ahead of it, and the ability of Adaptec and its new

management team to maximize its potential. These forward-looking statements

are based on current expectations, forecasts and assumptions and involve a

number of risks and uncertainties that could cause actual results to differ

materially from those anticipated by these forward-looking statements.

These risks include: achieving necessary support from the contract

manufacturers to whom we have outsourced manufacturing, assembly and

packaging of our products; retaining key management; Adaptec’s ability to

launch new software products; difficulty in forecasting the volume and

timing of customer orders; reduced demand in the server, network storage

and desktop computer markets; our target markets’ failure to accept, or

delay in accepting, network storage and other advanced storage solutions,

including our SAS, SATA and iSCSI lines of products; decline in consumer

acceptance of our current products; the timing and volume of orders by OEM

customers for storage products; our ability to control and manage costs

associated with the delivery of new products; and the adverse effects of

the intense competition we face in our business. For a more complete

discussion of risks related to our business, reference is made to the

section titled “Risk Factors” included in our Quarterly Report on Form 10-Q

for the quarter ended December 31, 2007 on file with the Securities and

Exchange Commission. Adaptec assumes no obligation to update any

forward-looking information that is included in this release.

About Adaptec

Adaptec, Inc. (NASDAQ: ADPT) provides trusted storage solutions that

reliably move, manage, and protect critical data and digital content.

Adaptec’s software and hardware-based solutions are delivered through

leading original equipment manufacturers (OEMs) and channel partners to

provide storage connectivity, data protection, and networked storage to

enterprises, government organizations, medium and small businesses

worldwide. More information is available at

Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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