Contact Information: Contacts: Ed Marshall Beaupre & Co. Public Relations 603-559-5816 Ken Donoghue Stratus Technologies 978-461-7269
MAYNARD, MA--(Marketwire - July 9, 2008) - David C. Laurello, president and chief
executive officer of Stratus Technologies, Inc., has been elected as
chairman of the board of directors, the company announced today. Former
chairman, Stephen C. Kiely, continues to serve the company as a member of
the board.
"In the face of inconstant marketplace demands, Dave has been an insightful
and resourceful leader, thoughtfully navigating a course by molding
Stratus' core strengths into new services and products that provide
exceptional customer value," said Kiely. "In a very short time by industry
standards, Stratus has made great progress becoming a solutions-oriented
company rather than simply a product vendor. Dave also shifted Stratus'
investments away from commodity hardware to high-value software and
virtualization technology. I have every confidence he will continue to lead
Stratus in the future with the same vision and determination."
Laurello joined then-Stratus Computer, Inc. in 1995 as vice president of
hardware engineering. In 1998 Stratus Computer was acquired for specific
telecommunications assets and the remainder of the company was spun out as
Stratus Technologies in a leveraged buy-out in early 1999. He remained with
the acquirer until February 2000 when he joined Stratus Technologies as
vice president of technology, products & operations. In that role, Laurello
was largely responsible for the development and launch of the computer
server line that today forms the company's product core and major source of
product revenue.
Laurello was appointed president and COO in March 2001. He assembled an
executive team with new leadership in engineering, marketing, sales,
manufacturing and other disciplines, and he directed the re-creation of
internal systems for the unfamiliar demands of volume manufacturing and
sales of new industry-standard products. In June 2003, he became the
company's chief executive officer.
Laurello is also a member of the board of the Massachusetts High Technology
Council and the Massachusetts United Way of Tri-County. He earned a degree
in electrical engineering and an MBA from the University of Massachusetts
at Lowell. He resides in Westford, Massachusetts with his wife, Lauren.
About Stratus Technologies
Stratus Technologies focuses exclusively on helping its customers keep
critical business operations online without interruption. Business
continuity requires resiliency and superior availability throughout the IT
infrastructure, including virtual environments. Stratus delivers a range of
solutions that includes software-based high availability, fault-tolerant
servers, availability consulting and assessment, and remote systems
management services. Based on its 28 years of expertise in product and
services technology for total availability, Stratus is a trusted solutions
provider to customers in manufacturing, health care, financial services,
public safety, transportation & logistics, and other industries. For more
information, visit www.stratus.com.
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