Panasas Adds Execs

FREMONT, Calif. -- Panasas Inc., the global leader inparallel storage solutions, today announced that it has appointed four newexecutives to its senior management team. This will enable the company tobuild upon its leadership position in the parallel storage market andsupport Panasas as it prepares for accelerated growth. The company hasstrengthened its management team with the addition of the followingexecutives: Senior Vice President, Technical Operations, Bill Wagstaff; VicePresident, North American Sales, Steve McDermott; Chief Financial Officer,Stephanie Vinella; and Vice President, Human Resources, Denise Herrick.

"As the leader in the parallel storage market, we have excelled at providingour customers in energy, manufacturing and government markets with acompetitive advantage by giving them accelerated time to results for theirbusiness-critical, data intensive applications," said Victor Perez, CEO ofPanasas. "Maintaining this prominent position in the industry requires thatwe continue to augment our management team with proven executives,possessing both the desire to ensure Panasas solutions are the standard inthe parallel storage market and the experience to meet our worldwidebusiness objectives."

Panasas Inc.