QLogic CFO Departs

Doug Naylor, VP of finance, to assume CFO responsibilities in interim

November 21, 2007

1 Min Read
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ALISO VIEJO, Calif. -- QLogic Corp. (NASDAQ:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that Tony Massetti, senior vice president and chief financial officer, has resigned his position with QLogic effective upon completion of the fiscal third quarter regularly scheduled earnings announcement in late January 2008.

QLogic will begin a search for Massettis replacement immediately. Doug Naylor, vice president of finance, will assume day-to-day financial management responsibilities for the company in the interim between Massetti’s departure and the naming of his replacement. Naylor has more than 20 years of accounting and financial experience and has been with QLogic for nearly five years.

“Tony has been a valuable contributor to the QLogic management team,” said H.K. Desai, chief executive officer and chairman. “The Board of Directors and I are very appreciative of his leadership, dedication and expertise over the past five years and we are sorry to see him leave our team. Tony has built a strong finance organization along with sound financial processes and controls. I have full confidence in Doug’s ability to perform the CFO responsibilities during the interim period.”

QLogic Corp.

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