It seems that news of cuts may have been too much for one EMC executive as he has left the company to work for rival Hewlett-Packard.
Yesterday HP announced that David Donatelli would become the company”s vice president of enterprise servers, storage and networking, effective May 5.
Donatelli, who was president of EMC”s storage division, will replace Scott Stallard who is retiring from HP after 34 years.
Today EMC announced that executive vice president Frank Hauck will take Donatelli”s place in the interim.
Joe Tucci, president and CEO of EMC, said Hauck”s background will make him a proper replacement following Donatelli”s departure.
"We”re extremely fortunate to have a seasoned leader with Frank’s credentials, industry track record and company-wide respect to lead EMC”s storage business," Tucci said. "Frank”s extensive knowledge of EMC”s information infrastructure business, his long-standing relationships with our customers and his focus on operational excellence are great advantages for EMC."
Last week EMC announced that first quarter earnings had dropped 23 percent with sales figures falling 9.2 percent during the same period. It was also announced that most company employees would see a 5 percent reduction in pay.
This news came only a month after it was announced that five of the company”s top executives, including Donatelli, would see 10 percent pay cuts.