Quantum Corp. announced that its board of directors has approved the appointment of Alex Pinchev to the board. Pinchev is a 35-year information technology industry veteran who has held senior executive positions at a range of companies, including Rackspace, Red Hat, and Acronis. He is currently founder, CEO and Angel Investor at Capri Ventures LLC, a strategic advisory services firm for technology startups, and also has many years of public and private board service.
Vast work experience
With Pinchev’s appointment, the Quantum board is now fully reconstituted as provided for in the settlement agreement the company reached with VIEX Capital Advisors in early March. The new board is actively engaged in a strategic review, and the company expects to provide financial guidance for fiscal 2018 in its fiscal first quarter earnings announcement.
In addition to founding Capri Ventures in 2013, Pinchev most recently served for 14 months as Executive Vice President and then President of Global Sales and Marketing at Rackspace, a leader in managed cloud services. From 2012 to 2013, he was President and CEO of Acronis, a data protection and disaster recovery software company.
Prior to that, Pinchev spent nine years at Red Hat, a provider of open source software, in senior roles that included Executive Vice President and President of Global Sales, Services and Field Marketing, President of International Operations and Executive Vice President of Worldwide Sales. Earlier in his career, he was Founder and CEO of MainControl, a technology infrastructure management software company, and Founder, President and CEO of Interchip GmbH, a provider of software development, marketing and integration services for large corporations in Central Europe.
Building on market opportunities
“Alex’s extensive experience will serve Quantum well as the company seeks to build on its strong performance and execution over the past year and drive increased shareholder value,” said Paul Auvil, Quantum’s chairman of the board. “The other directors, the Quantum management team and I look forward to what I’m sure will be his many contributions.”
“We appreciate the constructive collaboration with Quantum throughout this process and are pleased that the reconstituted board is now in place,” said Eric Singer, Founder and Managing Member of VIEX. “The entire board has our strong support as Quantum looks to generate significant value for all Quantum shareholders by building on its industry leadership and market opportunities.”
1 Jun 2017