Emulex Appoints Gene Frantz and Greg Clark to its Board of Directors
Posted: April 2, 2013 at 1:44 pm
COSTA MESA, Calif., April 1, 2013 /PRNewswire/ --Emulex Corporation (ELX) today announced that Gene Frantz and Greg Clark have been appointed to the Emulex Board of Directors. Mr. Frantz and Mr. Clark add expertise across the spectrum of technology and telecom sectors.
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"I have known Gene Frantz for several years and admired his demonstrated abilities and knowledge of the IT marketplace. I have also more recently come to know Greg Clark and I have been very impressed with his executive experience and insights concerning the network performance management market which Emulex is just entering. I believe that the Board has made excellent choices," said Jim McCluney, chief executive officer (CEO), Emulex, "and on behalf of the Board, we welcome both to the team."
Mr. Frantz is a business executive with deep technology and telecom experience. He was most recently a partner of TPG Capital ("TPG") having worked there from 1999 to 2012. Prior to joining TPG, Mr. Frantz worked at Oracle Corporation and Morgan Stanley. Mr. Frantz previously served on the boards of directors of ALLTEL, Avaya, Freescale Semiconductor, Network General, MEMC Electronic Materials, Paradyne Networks (acquired by Zhone Technologies), SMART Modular Technologies, Inc., and Certance Holdings (formerly a division of Seagate Technology acquired by Quantum Corp.). Mr. Frantz received an M.B.A. from Stanford Graduate School of Business and a B.S. in Business Administration from the University of California, Berkeley.
Mr. Clark has more than 23 years of leadership experience successfully growing technology companies through innovation, focus and execution. He has a strong operations and technology background that spans security, cloud services, supply chain and network management. Mr. Clark has been CEO and member of the Board of Directors of Blue Coat Systems, Inc. (BCSI) since August 2011. During his tenure Mr. Clark led the company through take-private transaction and associated restructuring. Under Mr. Clark's leadership BCSI has returned to double digit revenue growth with industry leading margins. Prior to joining Blue Coat, Mr. Clark was President and CEO of Mincom, a global software and services provider to asset-intensive industries. At Mincom, he expanded the company's market opportunity and revenue via the addition of cloud-based solutions and a modernization of Mincom's legacy products. The company was acquired by the ABB Group in July 2011. Before joining Mincom, Mr. Clark served as President and Chief Executive Officer at E2open, a leader in supply chain networks. Mr. Clark was one of E2open's founders and transformed E2Open from an early startup into a market-leading solutions provider supporting more than 15,000 customers worldwide. Earlier in his career, Mr. Clark founded security software firm Dascom. In 1999, IBM acquired the company, and the technology became the foundation for Tivoli's security product line. At IBM, Mr. Clark was a Distinguished Engineer and Vice President of IBM's Tivoli Systems, where he was instrumental in defining and selling IBM security and management products. He previously held senior roles with global IT companies, such as AT&T Unix Software Operation and Unix System Labs. Mr Clark serves as an independent director at the Global Healthcare Exchange (GHX).
"I am honored to be asked to join the Emulex Board," said Gene Frantz. "I look forward to working with the rest of the Board to help Emulex to realize its potential for stockholders as a leader in the connectivity and network communications markets."
"Joining the Emulex Board is an exciting opportunity for me," said Greg Clark. "The management and Board of Emulex have set an ambitious path, and I am happy to contribute my expertise for the benefit of the company and its shareholders."
"We are very pleased to have worked collaboratively with Emulex to add Gene Frantz and Greg Clark to its Board," said Jesse Cohn, a Portfolio Manager at Elliott Management, which manages funds that together are the largest shareholder of Emulex. Mr. Cohn continued, "Jim and his team at Emulex have a solid strategy and have developed leading technology in their focused markets and we believe that the addition of Gene and Greg to the Board will help Emulex to realize meaningful value for stockholders."
Emulex collaborated with Elliott in the addition of Mr. Eugene J. Frantz and Mr. Gregory S. Clark to the Emulex Corporation Board of Directors. The agreement, which includes limitations on acquisitions of additional Emulex shares by Elliott, is being filed with the SEC by Emulex.
To learn more about Emulex, please visit: http://www.emulex.com
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Emulex Appoints Gene Frantz and Greg Clark to its Board of Directors
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