Quantum Corporation Appoints Jim Schraith as Executive Vice President, Worldwide Sales and Corporate Marketing - Company Operations

Edge: Work-Group Computing Report, Oct 18, 1999

Quantum Corporation announced Wednesday the appointment of Jim Schraith to the position of executive vice president of worldwide sales and corporate marketing.

Schraith, 42, will report to Michael Brown, chairman and chief executive officer of Quantum. Schraith assumes responsibility for worldwide sales for Quantum's two distinct businesses: the DLT & Storage Systems Group and the Hard Disk Drive Group. He will also lead Quantum's corporate branding and communications strategies.

"Jim brings a wealth of sales, marketing and general management knowledge and experience to Quantum," Brown said. "I'm confident that his leadership of our sales and marketing strategies will help us strengthen our leading position in the storage industry. Jim will guide Quantum's efforts to establish our presence in new markets and channels in order to meet the growing, global demand for information storage."

Prior to joining Quantum, Schraith was chief executive officer for ShareWave, a fast-growing developer of digital wireless home networking solutions. From 1996 to 1998 he served as vice president and general manager of Compaq's North America division, responsible for sales, marketing and management of more than 4,000 employees.

Prior to Compaq, he was president and chief operating officer of AST Research, Inc. In his nine years at AST, Schraith also held a number of senior executive roles including senior vice president, worldwide sales and service.

Founded in 1980, Quantum Corporation (www.quantum.com) is the world's leading storage supplier in four of the six markets it serves: desktop hard disk drives, tape drives, network attached storage (NAS) appliances and solid state systems. Quantum is also the second largest supplier of mid-range tape automation systems and a leading supplier of high capacity hard disk drives.

In 1999 Quantum became the first Silicon Valley company to issue tracking stock, replacing its existing common stock with the ticker symbols DSS and HDD, which track the separate performance of the company's DLT and Storage Systems and Hard Disk Drive businesses. Both stocks are traded on the New York Stock Exchange.

Selling its products through OEM and distribution channels worldwide, sales for the fiscal year ending March 1999 were $1.3 billion for Quantum's DLT and Storage Systems Group and $3.6 billion for Quantum's Hard Disk Drive Group. FMI: www.quantum.com, 408/894-4000.