Menu
Fusion-io CEO resigns, is replaced by former HP executive Robison

Fusion-io CEO resigns, is replaced by former HP executive Robison

The flash storage company's co-founder and chief marketing officer has also resigned

Fusion-io President and CEO David Flynn has resigned and will be replaced by Shane Robison, the former CTO of Hewlett-Packard.

Flynn resigned effective immediately "to pursue entrepreneurial investing activities," according to a news release on Wednesday from Fusion-io. The company's co-founder and chief marketing officer, Rick White, has also resigned, Fusion-io said.

Robison has been named chairman, CEO and president, effective immediately. Robison has been on Fusion-io's board of directors since 2011. From 2002 until 2011, he was executive vice president and chief strategy and technology officer at HP, and before that he held a similar position at Compaq Computer, which HP acquired in 2002. Fusion-io cited his industry relationships, international experience and understanding of the company's business in naming him to the top posts.

Fusion-io was a pioneer in flash storage cards for use inside servers, a technology some other vendors have since embraced. The cards are designed to work as caches for the data in highest demand, which can accelerate some applications. Fusion-io counts high-profile Web companies such as Facebook among its customers.

However, the company reported a net loss of US$20 million on lower revenue for its fiscal third quarter ended March 31, and its stock price has fallen significantly since last October. On Wednesday, Fusion-io reaffirmed its forecast for an operating loss of about $5 million for the current quarter. In midday trading on Wednesday, after the management changes were announced, the stock was down $3.99 at $14.01, a drop of more than 20 percent.

Flynn and White will remain on Fusion-io's board and will serve in advisory roles for the next 12 months, the company said.

In Robison, 59, Fusion-io gets a seasoned executive with long industry experience. One possible black mark on his record is HP's $10.3 billion acquisition of software company Autonomy in 2011, for which the company later took a charge of $8.8 billion related to alleged accounting improprieties. Robison retired from HP in October 2011, the same month the Autonomy deal closed.

Robison holds bachelor's and master's degrees in computer science from the University of Utah, in Salt Lake City, where Fusion-io is based. In addition to HP and Compaq, he has held executive positions at AT&T Labs, Cadence Design Systems and Apple.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesstorageHewlett-PackardpersonnelFusion-io

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments