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QLogic Announces Departure of CFO Tony Massetti
QLogic Corp., a leader in networking for storage and high performance computing (HPC), today announced that Tony Massetti, senior vice president and chief financial officer, has resigned his position with QLogic effective upon completion of the fiscal third quarter regularly scheduled earnings announcement in late January 2008.

QLogic will begin a search for Massettis replacement immediately. Doug Naylor, vice president of finance, will assume day-to-day financial management responsibilities for the company in the interim between Massettis departure and the naming of his replacement. Naylor has more than 20 years of accounting and financial experience and has been with QLogic for nearly five years.

Tony has been a valuable contributor to the QLogic management team, said H.K. Desai, chief executive officer and chairman. The Board of Directors and I are very appreciative of his leadership, dedication and expertise over the past five years and we are sorry to see him leave our team. Tony has built a strong finance organization along with sound financial processes and controls. I have full confidence in Dougs ability to perform the CFO responsibilities during the interim period.

I would like to thank H.K. and the Board of Directors for the opportunity to play a leadership role in the success and growth of the company over the last five years, said Massetti. I will work with Doug over the next few months to ensure an orderly transition and I believe that the executive team at QLogic will continue to successfully execute both strategically and operationally.

Published Tuesday, November 20, 2007 12:22 PM by David Marshall
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