Flash storage firm Fusion-io has announced the resignation of president and chief executive David Flynn, and that he will be replaced by former Hewlett-Packard boss Shane Robison.
The company said that Flynn, who helped to co-found the company and has been involved with the firm since 2006, would be stepping down from his post in order to pursue "entrepreneurial investing" interests along with Fusion-io co-founder and outgoing marketing chief Rick White.
Board director Scott Sandell said: "David and Rick’s vision as co-founders has redefined memory technology and had a profound impact on our industry. Under their leadership, Fusion-io has developed into one of the world's leading technology companies, helping businesses increase data centre efficiency."
Flynn's successor Robison, formerly executive vice president and CTO at HP, will be taking on the roles of chairman, chief executive and company president.
The executive shakeup comes as Fusion-io estimated that it will see a $5m loss over the coming quarter with additional costs possible from compensating both Flynn and White upon their exits.
Robison said: "Fusion-io has long been recognised for its visionary technology, and I look forward to working closely with the company's talented team as we continue to develop the critical technology that we all rely on to deliver the world’s data faster. As the use of data grows, IT professionals need more effective and efficient ways to power their business-critical applications."
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