HAVANT, England, Nov. 1 /PRNewswire-FirstCall/ -- Xyratex Ltd (Nasdaq: XRTX), a leading provider of enterprise class data storage subsystems and network technology, today announced that Mr. Andrew Sukawaty had been appointed as Chairman of the Board of Directors. Mr. Sukawaty replaces Mr. Ken Wilkie who had previously announced his intention to retire from the Board. Mr. Sukawaty, 49, was appointed as an independent Director and Deputy Chairman of the Board of Directors earlier this year prior to the Company's initial public offering on the Nasdaq National Market. Mr. Sukawaty has over 28 years of experience over a broad range of technology based businesses. He is currently Chairman and CEO of Inmarsat Limited, a leading global satellite services provider. Over the past four years he has been involved in developing cable television businesses as the President of Cable Partners Europe. Prior to this he held roles as CEO and President of Sprint PCS, CEO of NTL Limited and Chief Operating Officer of One2One. He also held various roles with telecom operators US West and AT&T. He is currently the Deputy Chairman of mmO2 and out-going Chairman of Telenet NV. He is also a director of Powerwave Technologies, Inc. Mr. Wilkie, who retires as a Director on November 1, 2004, had previously announced in the Company's IPO registration statement that he would retire by the end of the year. "I am delighted to see Andy Sukawaty taking over as Chairman of the Board. I believe that he will provide strong strategic leadership and counsel for Xyratex and will make an excellent contribution to the Company's continued success and future growth. His knowledge and experience will be invaluable assets as the Company expands its leadership position within the industry," said Mr. Wilkie. In accepting Mr. Wilkie's resignation and his own appointment, Mr. Sukawaty said: "Ken has guided the Company from its beginnings to its IPO earlier this year. This is an exciting company and I am delighted to have the opportunity to contribute to its future success." About Xyratex Xyratex is a leading provider of enterprise class data storage subsystems and network technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to disk drives, storage systems and high-speed communication protocols. Founded in 1994 in a management buy-out from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia. SOURCE Xyratex Ltd -0- 11/01/2004 /CONTACT: Xyratex Investor Relations, Brad Driver, +1-408-325-7260, email@example.com; or Xyratex Public Relations, Curtis Chan of CHAN & ASSOCIATES, INC., +1-714-447-4993, firstname.lastname@example.org/ /Web site: http://www.xyratex.com / (XRTX) CO: Xyratex Ltd ST: England IN: CPR HRD NET SU: PER -0- Nov/01/2004 19:40 GMT
Xyratex Ltd Announces New Chairman of the Board of Directors
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