EMC Announces Election of Alfred M. Zeien to Board of Directors; Retired Gillette Chairman Brings Accomplished Record of Global Brand Management

Business Wire, Dec 22, 1999

Business/Technology Editors

HOPKINTON, Mass.--(BUSINESS WIRE)--Dec. 22, 1999

EMC Corporation, the world's leading provider of intelligent enterprise storage systems, software and services, today announced the election of Alfred M. Zeien to its Board of Directors.

Zeien spent 31 years at The Gillette Company, including eight years as Chairman of the Board and CEO, until his retirement in April 1999. He remains a member of Gillette's Board of Directors. During Zeien's tenure as Chairman and CEO, Gillette's annual revenues more than doubled to $10 billion, its market value grew tenfold, and the company successfully introduced one of the most popular shaving products in history, the Mach3.

Richard J. Egan, Chairman of the Board of EMC, said, "We are very fortunate to welcome an executive of Alfred Zeien's stature to the EMC Board of Directors. The explosive growth of the Internet, and the need to securely store, manage and protect unprecedented volumes of information, have created a market opportunity for EMC that stretches far beyond what we have achieved in recent years. Al's experience in building global brands and winning in international markets will be especially meaningful to us as we execute the next phase of our rapid growth and extend our industry leadership."

Zeien held a number of senior management positions at Gillette, both at corporate headquarters in Boston and with Gillette's Braun unit in Germany. In a 1999 survey of global brands, Gillette ranked second only to Coca-Cola in "translating brand muscle into revenues and profit." Zeien is a graduate of the Webb Institute of Naval Architecture in New York, and attended the master's program at the Harvard Business School.

EMC Corporation, based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software, networks, and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including Unix, Windows NT, Linux and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.EMC.com.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) component quality and availability; (ii) delays in the development of new technology and the transition to new products; (iii) competitive factors, including but not limited to pricing pressures, in the computer storage and server markets; (iv) the relative and varying rates of product price and component cost declines; (v) economic trends in various geographic markets and fluctuating currency exchange rates; (vi) deterioration or termination of the agreements with certain of the Company's resellers or OEMs; (vii) the uneven pattern of quarterly sales; (viii) risks associated with strategic investments and acquisitions; (ix) Year 2000 issues; and (x) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission.