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Ned Hayes Joins Pillar Data Systems as New CFO

September 27, 2006
Ned Hayes Joins Pillar Data Systems as New CFO. Check it out:
SAN JOSE, Calif. --(Business Wire)-- Pillar Data Systems, a leading provider of enterprise network storage systems, today announced that Edward "Ned" Hayes has joined Pillar as Chief Financial Officer. Hayes will report directly to Mike Workman, chairman, president and Chief Executive Officer at Pillar.



Hayes has more than 25 years experience in senior financial management positions, most recently as Executive Vice President of Finance and CFO at Quantum Corporation. Before Quantum, he was President and CEO of DirecTV Broadband a nationwide ISP delivering residential broadband and value-added services over DSL. At DirecTV Broadband, Hayes and his management team successfully drove the business to roughly $100M in annualized revenues with approximately 150,000 residential subscribers across the country.

Prior to that assignment, he served as EVP and CFO at Telocity, where he helped take the company public in March 2000, and then successfully sold the business to DirecTV in December of that same year. Hayes was Financial Vice President and CFO in two of Lucent Technologies' divisions, including the $20 billion Global Service Provider Business, selling Wireless, Switching and Access, Optical Networking, Communications Software, Data Networking and Installation Services worldwide. He holds Board of Director positions at Alaska Communications Group and New Wave Research.

"Pillar is thrilled to welcome Ned as our new CFO," said Workman. "Ned's versatile experience in senior management, finance and technology will be exceptionally valuable as Pillar establishes itself as a world class data storage systems company. Ned will be a fine complement to our executive management team as we continue to focus on the growth and development of our company and its award-winning Pillar Axiom storage solution."

As CFO at Pillar, Hayes will be responsible for all aspects of finance, corporate governance, investor relations and compliance-related programs under Sarbanes-Oxley.

"I am very excited to be a part of the world class team at Pillar," said Hayes. "This company has clearly had an unprecedented growth path since introducing its product last year. I look forward to assisting the company with its continued growth and success."

About Pillar Data Systems

Founded in 2001, Pillar Data Systems develops midrange and enterprise network storage systems. The company's Pillar Axiom solution, driven by its innovative policy-based management capabilities, integrates SAN and NAS into a centrally managed storage platform. Pillar Axiom systems consolidate multiple tiers of enterprise network storage into a single, easily managed system capable of scaling to hundreds of terabytes of capacity. Pillar Data Systems is privately funded by Tako Ventures, LLC, the venture arm of Larry Ellison. The company is headquartered at 2840 Junction Avenue, San Jose, California 95134. The company can be reached on the Web at http://www.pillardata.com, by phone at 408-503-4000 or by email at [email protected].

Pillar Data Systems, Pillar Axiom, and the Pillar logo are all trademarks of Pillar Data Systems. Other company and product names may be trademarks of their respective owners.


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