Well, here's why Hansen has been selling....
MILPITAS, Calif.--(BUSINESS WIRE)--July 10, 1998--Adaptec, Inc.
has announced today that Paul Hansen, corporate vice president,
finance and chief financial officer, will be leaving the company at
the end of July to become executive vice president, finance, and chief
financial officer of TIBCO Software Inc., of Palo Alto, Calif.
Grant Saviers, Adaptec's chairman and CEO said, "Paul, during the
past 14 years, has made significant contributions to Adaptec's growth
and success. We wish him well in this new endeavor. Adaptec has
already undertaken a search for his successor as CFO."
Paul Hansen commented, "I joined Adaptec when its annual revenues
were $7 million and the workforce totaled 70. Last year revenues
exceeded $1 billion and we now have 3,000 employees. This growth
provided me with great opportunities to gain experience as a
professional and to participate in creating a culture where the most
talented have sought citizenship."
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