HOPKINTON, Mass.: Information management and storage firm EMC Corp. has elevated its chief financial officer Bill Teuber to the post of newly created executive vice chairman.
According to an EMC statement, Teuber will continue to serve as CFO, a role he has held since 1997, and will continue to report to Joe Tucci, EMC chairman, president and CEO.
EMC also announced new responsibilities for executive vice presidents Howard Elias and Frank Hauck. Elias will lead a newly formed EMC Global Services organization. Hauck will lead Global Marketing and Customer Quality. Both of them will report to Tucci.
Teuber joined EMC in 1995 as vice president and corporate controller, and became CFO in 1997.
EMC's revenues have grown from $1.9 billion in 1995 to $9.66 billion in 2005, and cash and investments have grown from approximately $500 million in 1995 to more than $7.4 billion at the end of last year.
Over the same time frame EMC has effectively leveraged its strong financial position to acquire more than $6 billion in software, systems and services companies, and now invests more than $1 billion annually in research and development.
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