Zitel CEO Announces Retirement
Tuesday June 29, 11:00 am Eastern Time
Company Press Release
SOURCE: Zitel Corp.
Zitel CEO Announces Retirement
FREMONT, Calif., June 29 /PRNewswire/ -- Zitel Corporation (Nasdaq: ZITL - news) announced today that Jack H. King, president and chief executive officer since 1987, has notified the Board of Directors of his intent to retire, effective the end of July. Mr. King will remain a Director and pursue some strategic objectives for the Company.
Mr. King stated, ''We are coming to the end of a logical phase of the Company's evolution. We can see the conclusion of several strategic objectives we sought to achieve. It is an appropriate time to provide new leadership for the future, which I expect will be exciting.''
Chairman William R. Lonergan notes, ''Jack successfully led Zitel through some turbulent times, including having to restructure the business three times because of changing market dynamics. Jack is a true industry visionary and his abilities in that regard will continue to be available to the Company.''
Asa W. Lanum, a Zitel Director, will assume the president and CEO responsibilities. Mr. Lanum brings over 30 years of experience as an executive and manager in the computer industry in the United States and Europe, and is the author of over 30 papers and books. Mr. Lanum is currently the managing principal of The CTO Group and has held other executive positions within the industry at OpenVision, ASK Ingress, Sun Microsystems, ICL PLC and ICL Inc., Pansophic Systems, Inc., and Amdahl. Mr. Lanum said, ''Jack has been an effective and tireless leader for Zitel during his tenure. I have had the pleasure to work closely with Jack and Zitel for several years as they have successfully undergone a substantial transition. I look forward to the challenge and opportunity to lead the Company into its next phase of growth.''
In other actions, the Board promoted Anna M. McCann, Vice President of Finance and Administration, to the additional post of Chief Financial Officer, effective immediately. Henry C. Harris relinquished the CFO title, freeing him to devote his full attention as President of the Datametrics business unit.
Zitel Corporation is an information technology company. Its Datametrics subsidiary specializes in automated performance analysis and correlation software. Its Year 2000 services business includes consulting, project management, planning, analysis, code conversion, code audit and testing. Zitel's headquarters are located at 47211 Bayside Parkway, Fremont, CA 94538. Telephone: 510-440-9600 or 800-622-5020. FAX: 510-440-9696. zitel.com . For information on Year 2000 services, call 888-FIND-FIX. Visit Zitel's web site for information and instructions to receive press releases via e-mail.
NOTE: Zitel is a registered trademark of Zitel Corporation.
SOURCE: Zitel Corp. |
