Fusion-io Appoints Former Cisco Executive Ted Hull as Chief Financial Officer

SALT LAKE CITY , Dec. 5, 2013 /PRNewswire/ -- Fusion-io (NYSE: FIO) today announced that Ted Hull, previously vice president of finance at Cisco since 2007, has joined Fusion-io as executive vice president and chief financial officer.  Hull, age 56, will oversee Fusion-io's finance, accounting, investor relations, and facilities functions. 

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"As we refine Fusion-io's go-to-market strategy in order to position the company for the next stage of growth, we are intensely focused on delivering value to our customers, partners and shareholders," said Shane Robison, Fusion-io chairman and chief executive officer. "Ted's financial leadership and expertise in a variety of technology companies, as well as his business operations background and industry knowledge, make him a tremendous asset to our leadership team as we move the company forward in this dynamic and growing market for flash memory-based application acceleration solutions." 

"Given the uniqueness of its technology and strong relationships with key industry partners, I believe Fusion-io is exceptionally well positioned for growth over the next several years," said Hull. "I'm pleased to be coming on board to work with the team as we execute on the opportunity before us by focusing on tighter integration with our OEM and ISV partners, better market segmentation, and expansion within key geographies."

While at Cisco, Hull served in a variety of financial leadership positions including vice president of finance and functional CFO for the global sales, service, channels and marketing organization.  Prior to Cisco, Hull served as CFO at Isola, a materials company owned by private equity firm, Texas Pacific Group (TPG), as well as vice president of finance and then CFO at Maxtor, and as vice president of finance at Exodus Communications.   He also served as division controller in the IBM SSD division, in addition to other senior financial roles at IBM during his seventeen-year tenure at the company.  Hull holds a B.A. from Binghamton University and an MBA from Florida Atlantic University.

About Fusion-io
Fusion-io delivers the world's data faster. Our Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications. From e-commerce retailers to the world's social media leaders and Fortune Global 500 companies, our customers are improving the performance and efficiency of their data centers with Fusion-io technology to accelerate the critical applications of the information economy.

Note on Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including statements relating to the expected benefits associated with the appointment of Ted Hull as Fusion-io chief financial officer and executive vice president. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially from those contained, anticipated, or implied in any forward-looking statement, including the risks set forth in the registration statements and reports that Fusion-io files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.fusionio.com. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or will occur. Fusion-io undertakes no obligation to update publicly any forward-looking statement for any reason after the date of this press release.

SOURCE Fusion-io

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