EMC CEO is Persuaded to Delay Retirement Indefinitely
The chief executive of EMC Corp., who planned to retire this December, has been persuaded to delay his exit indefinitely given the latest financial successes of the company.
Joseph Tucci, 64, says that businesses are still investing in storing, analyzing and protecting huge amounts of data despite the global slowdown in spending on information technology, reported the Wall Street Journal.
Last week EMC reported its ninth straight quarter of double-digit profit and revenue growth with projections that 2014 revenue will exceed $28 billion.
Mr. Tucci has been EMC’s Chairman since January 2006 and President and CEO since January 2001, one year after he joined the company as President and Chief Operating Officer.
EMC was recognized as one of the top places to work for recent college graduates in 2011 and it was named #6 on Training Magazine’s “Training 125,” a ranking of organizations that excel at employee development. It was also named as one of the best workplaces for handicapped people by Springboard Consulting LLC.