Posted by: Beth Pariseau
Hewlett-Packard Co (HP) poached EMC Corp. storage division head David Donatelli earlier this year, and now EMC has nabbed one of Intel’s top executives to take over running EMC’s storage products division.
Patrick Gelsinger, who heads Intel’s core chip business, has been named President and Chief Operating Officer, EMC Information Infrastructure Products, overseeing Information Storage, RSA Information Security, Content Management and Archiving and Ionix IT management divisions, according to an EMC press release. EMC also promoted Howard Elias, 52, to president and COO, EMC Information Infrastructure and Cloud Services.Wrapped up in this announcement is the first specific indication from EMC CEO Joe Tucci of when he plans to retire. In an interview with the Wall Street Journal, Tucci indicated he plans to step down in three years, when he’s 65. According to the Journal piece, Tucci considers Elias, Gelsinger and CFO David Goulden potential candidates to succeed him in the CEO position.
Gelsinger reportedly got to know Tucci when he worked with EMC to transition between proprietary IBM microprocessors in earlier models of the Symmetrix high-end disk array to Intel chips with the release of Symmetrix V-Max earlier this year.
Financial analysts noted that the move could quell speculation that EMC might be a takeover target. “While the [Journal] story notes that this announcement could ease some investor sentiment that EMC would be a takeout candidate, we view this announcement as a positive as the company looks to further deepen what has been a very strong executive management bench,” wrote Stifel Nicolaus equity research analyst Aaron Rakers in a note to investors Monday morning.