SOURCE: Coraid

Coraid

September 21, 2010 06:00 ET

Coraid Names Bob Kavner to Board of Directors

Former CFO of AT&T Deepens Coraid's Executive Leadership

REDWOOD CITY, CA--(Marketwire - September 21, 2010) -  Coraid® Inc., a leading developer of Ethernet SAN solutions with more than 1,200 customers worldwide, today announced the addition of Bob Kavner to its Board of Directors. Kavner, former CFO of AT&T and CEO of OnCommand Corporation, joins chairman of the board Audrey MacLean; Paul Weinstein, general partner of Azure Capital Partners; Lara Druyan, general partner at Allegis Capital; Brantley Coile, CTO and founder of Coraid; and Kevin Brown, CEO of Coraid.

"Bob's business acumen and experience in operations and finance will be extremely valuable as Coraid continues its rapid growth," said Audrey MacLean, chairman of the board at Coraid. "We are very pleased to have him on the team as we deliver a new generation of storage for the modern data center."

"Coraid is playing a key role in redefining the economics of the storage industry," said Bob Kavner. "I am pleased and excited to be associated with Coraid's talented management team. With their vision and record of success, I have no doubt that Coraid will take a leadership position and shape the way storage is deployed in enterprise, government and public cloud networks."

Bob Kavner has a proven track record of leadership in executive and board roles across multiple sectors. He was executive vice president of AT&T, where he also served as chief financial officer for several years, before being promoted to chief executive officer of AT&T's Multimedia Products and Services Group. Additionally, he was a member of AT&T's Executive Committee. For two years in the late 1990s, Kavner was CEO of On Command Corporation, a provider of in-room video systems to the lodging industry.

Currently, Kavner serves on the Board of Directors for a number of companies including Aptera Motors, Pandora Media, and Idealab. Kavner served as chairman of the board of IronPort, which was acquired by Cisco in 2007, and as chairman of Overture Services until the company was sold to Yahoo in 2003. In addition, he served on the board of Earthlink Networks, FleetBoston Financial, Duracell International, Jupiter Communications, Olivetti Computers, Philips Telecommunications, Sun Microsystems, Tandem Computers, and Ticketmaster Online-CitySearch.

About Coraid
Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and a 5-8x price-performance advantage over legacy storage. Designed from the ground up for virtualization and cloud architectures, Coraid solutions have been deployed by more than 1,200 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid_Inc or LinkedIn at http://www.linkedin.com/companies/769557

Coraid and EtherDrive are registered trademarks of Coraid, Inc. CorOS is a trademark of Coraid, Inc. All other marks referenced are the property of their respective owners.