Steven M. Cakebread, Noted Silicon Valley Corporate Leader Accepts Role as
Chief Financial Officer and Chief Administrative Officer of Commercial Quantum
Computing Company, D-Wave Systems Inc.
BURNABY, British Columbia and PALO ALTO, Calif., Feb. 28, 2013 /CNW/ - D-Wave
Systems, Inc., the world's first commercial quantum computing company, today
announced that Silicon Valley corporate technology leader, Steven M. Cakebread
has accepted key roles with the company, as chief financial officer and chief
"We are very pleased that Steve has chosen to join us," stated Vern Brownell,
D-Wave president and chief executive officer. "He brings proven business
acumen and a rich background of experience. It's gratifying to welcome a
person of Steve's prominence and stature from the Silicon Valley arena of
Cakebread will further manage and help sustain balance in D-Wave's corporate
expansion trajectory as it pursues its mission to solve the intractable
problems of industry, security, aerospace and medicine. Before joining D-Wave,
Cakebread served as chief financial officer of Pandora Media, Inc., a provider
of personalized Internet radio and music discovery services. He was president
and chief strategy officer of salesforce.com, a customer relationship
management service provider. Other roles with salesforce.com include executive
vice president and chief financial officer. Before that, Cakebread served as
senior vice president and chief financial officer at Autodesk and Silicon
Graphics World Trade. Cakebread holds a B.S. in business from the University
of California at Berkeley and an M.B.A. from Indiana University.
"It's a privilege to be part of the next big leap in computing," stated
Cakebread. "Classical processors have a new partner and there's no limit to
how far humanity can advance with the power of quantum computers. Clearly,
D-Wave is leading this next generation of computing."
About D-Wave Systems Inc.
Founded in 1999, D-Wave's mission is to integrate new discoveries in physics
and computer science into breakthrough approaches to computation. The
company's flagship product, the D-Wave One™ is built around a novel type of
superconducting processor that uses quantum mechanics to massively accelerate
computation. In 2010 Lockheed Martin purchased serial number 1, completing the
historic world's first sale of a commercial quantum computer. With
headquarters near Vancouver, Canada, the D-Wave U.S. offices are located in
Palo Alto. D?Wave has a blue-chip investor base including Bezos Expeditions,
Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs,
Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and
Underwriting, and Kensington Partners Limited. For more information, visit:
Media contact: Janice Odell • 415. 738.2165 • firstname.lastname@example.org
This press release may contain forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ materially
from those set forth in the forward-looking statements.
SOURCE: D-Wave Systems, Inc.
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-0- Feb/28/2013 10:01 GMT
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