Fusion-io, a leading maker of enterprise-class solid-state drives, announced on Wednesday that its co-founders David Flynn and Rick White have resigned from the company to pursue other opportunities. However, Shane Robison, the former chief technology officer of Hewlett-Packard, became the new chief executive officer, president and chairman of Fusion-io.
Shane Robison, 59, has served as a director of Fusion-io since December 2011. Mr. Robison served as chief strategy & technology officer and executive vice president of Hewlett-Packard from May 2002 to November 2011. From 2000 to May 2002, Mr. Robison served as senior vice president, technology and chief technology officer of Compaq Computer Corp. Shane Robison brings Fusion-io 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.
“I am honored to lead Fusion-io through its next chapter of growth. 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,” said Mr. Robison.
David Flynn, a co-founder of Fusion-io has resigned as CEO and president to pursue entrepreneurial investing activities. Another co-founder, Rick White, has resigned as chief marketing officer to join Mr. Flynn in early stage investing activities.
“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. 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,” said Scott Sandell, lead independent director of the Fusion-io board.
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. Fusion-io reaffirmed the financial outlook it provided on April 24, 2013 for the fiscal fourth quarter of 2013, before giving effect to any costs associated with the departures of Messrs. Flynn and White.
“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,” “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,” said Mr. Sandell.