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Tucci’s Reign Extended

When the company posted pretty Q4 results the other day Tucci said he won’t be stepping down this year as planned
By Maureen O'Gara
Article Rating:
January 30, 2012 05:45 AM EST
Reads:
 1,349

EMC CEO Joe Tucci is gonna keep his eventual replacement waiting a while longer.

When the company posted pretty Q4 results the other day Tucci said he won't be stepping down this year as planned.

He said the board asked him to stay into 2013 and that "after much soul-searching" he agreed.

"As I've said in the past, the board and I fully expect that my successor will come from within the existing, talented and experienced ranks of the EMC management team" - who reportedly all asked him to reconsider his transition plans.

"I have already started to increase the responsibilities of my senior leadership team, and when the time is right, my successor will be named. Until then, we have much work to do."

Ex-Intel exec Pat Gelsinger, EMC's COO, is expected to succeed him.

EMC reported a record Q4, shrugging off any affects of the slowdown or the Thai floods that have crippled disk drives and has been taking market share. It did $5.57 billion, up 14%, and a yielding of 49 cents a share. It's supposed to grow better than typical IT spending this year.

Published January 30, 2012 – Reads 1,349
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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