Michael Väth to Lead Business; Execute Strategy to Grow Revenue and Marketshare
SANTA CLARA, Calif.—June 9, 2005—Hitachi Data Systems, provider of Services Oriented Storage Solutions™ solutions and wholly-owned subsidiary of Hitachi, Ltd., (NYSE: HIT), today announced the appointment of Michael Väth as senior vice president and general manager for Hitachi Data Systems Europe, Middle East and Africa (EMEA). Reporting to Michael will be the EMEA country managers, as well as the heads of other key functions, including marketing, finance, and operations.
Michael Väth brings more than 20 years of sales and management experience in the information technology sector, with more than 7 years specifically in the storage market. Michael will based in Frankfurt, Germany, and report to Scott Genereux, executive vice president and general manager of Worldwide Sales, Channels and Support at Hitachi Data Systems.
"Michael's recent experience was with StorageTek, NCR, Olivetti, and Bull, where he received rapid promotions and met substantial revenue and profit targets," said Mr. Genereux. "He is a dynamic leader who is a problem solver and results-focused and has developed strong and successful international teams. Michael will bring fresh ideas and new insights to our business."
"I am delighted to have the opportunity to lead the team in EMEA towards strong profitable growth and market share gains in the coming years," said Michael Väth. "In the past years, I have watched Hitachi Data Systems emerge as the industry thought leader, developing a comprehensive suite of Services Oriented Storage Solutions solutions that deliver value to customers. These solutions offer a truly innovative response to the needs of the enterprise sector and small and medium businesses alike."
Michael started with StorageTek as Central Region General Manager (Germany, Switzerland, and Austria) and was promoted after only one year to Vice President and General Manager of StorageTek, Europe, Africa and Middle East, where he led 1,500 employees in 14 subsidiary operations as well as a line-up of distributors. He strengthened the go-to-market model by developing a strong indirect channel to complement the direct business. He doubled profitability, significantly improved services and solutions revenue, introduced solid processes and signed-up the largest multi-million dollar services customer contract in the company's history. Michael received a B.S. in Mechanical Engineering and a B.A. in Economics from the University of Applied Sciences, Würzburg-Schweinfurt. He was founding and board member of BITKOM, the German Association for Information Technology, Telecommunication, and Media.
Hitachi Data Systems leverages global R&D resources to develop storage solutions built on industry-leading technology with the performance, availability and scalability to maximize customers' ROI and minimize their risk. By focusing on the customer's perspective as we apply the best hardware, software, and services from Hitachi and our partners, we uniquely satisfy our customers' business needs. With 2,900 employees, Hitachi Data Systems conducts business through direct and indirect channels in the public, government and private sectors in over 170 countries and regions. Its customers include more than 50 percent of Fortune 100 companies. For more information, please visit our Web site at http://www.hds.com.
Hitachi, Ltd., (NYSE: HIT), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's Website at http://www.hitachi.com.
Quinn Daly
+ 1 415 856-5152
qdaly@blancandotus.com
Helen Calthrop-Owen
+ 44 (0)1753 618767
helen.calthrop-owen@hds.com
© 2005, Hitachi Data Systems Corporation. Hitachi Data Systems is registered with the U.S. Patent and Trademark Office as a trademark and service mark of Hitachi, Ltd. HiCommand is a registered trademark of Hitachi, Ltd. TagmaStore, Universal Star Network and Services Oriented Storage Solutions are trademarks of Hitachi Data Systems Corporation. All other trade names, trademarks, and service marks used herein are the rightful property of their respective owners.
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