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Chairpersons

EMC Corporation Expands Board of Directors with Two High-Profile Appointments

Strategic Insights

— 1 min read

EMC Corporation, a leader in information storage and management solutions, has announced the appointment of Jose (Joe) E. Almeida and Donald J. Carty to its Board of Directors. The addition of the two seasoned executives brings the total number of directors to 13, bolstering the company's leadership and strategic direction. The appointments were made through a thorough evaluation process, including an independent search effort by Elliott Management, a leading investment firm.

Key Takeaways:

  • EMC Corporation has expanded its Board of Directors to 13 members with the appointment of Jose (Joe) E. Almeida and Donald J. Carty.
  • The two new directors bring extensive leadership experience, with Mr. Almeida currently serving as Chairman, President, and CEO of Covidien plc, and Mr. Carty serving as the retired Chairman and CEO of AMR Corporation and American Airlines.
  • The appointments were made through a collaborative effort with Elliott Management, which worked closely with EMC's Corporate Governance and Nominating Committee.
  • The addition of the two new directors was preceded by a thorough evaluation of candidate qualifications, taking into account the company's criteria and ongoing review of strategic direction.
  • Elliott Management has entered into standstill and voting provisions with EMC, agreeing to vote in favor of the company's proposed slate of directors at the 2015 Annual Meeting of Shareholders.
  • Mr. Almeida, 52, has a strong background in leadership, having served as Chairman of Covidien plc since 2012, and currently sits on the Board of Directors of State Street Corporation.
  • Mr. Carty, 68, has a distinguished career in the aviation industry, having served as Chairman and CEO of AMR Corporation from 1998 to 2003, and currently chairs Virgin America Airlines, Inc.

Statistics:

  • EMC Corporation now has a 13-member Board of Directors, with two additional directors appointed.
  • The company's Board of Directors has been expanded through a collaborative effort with Elliott Management.
  • Elliott Management has agreed to standstill and voting provisions with EMC, which will remain in effect until September 2015.
  • Mr. Almeida has spent 10 years in leadership roles at Covidien plc, serving as Chairman since 2012.
  • Mr. Carty has spent 17 years in leadership roles at AMR Corporation, serving as Chairman and CEO from 1998 to 2003.

Sources:

  • [1] "EMC Expands Board with Two New Members" (http://www.contify.com/)
  • [2] EMC Corporation News Release (Copyright 2015 Euclid Infotech Pvt. Ltd., distributed by Contify.com)

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