Xyratex Ltd Board of Directors Elects Jonathan Brooks as Chairman of its Board of Directors
Xyratex Ltd (Nasdaq: XRTX) today announced that its Chairman, Andrew Sukawaty, will be retiring from his position on the Board of Directors on December 1, 2011. Jonathan Brooks will assume the position of Chairman of the Board on this date.
Mr. Brooks has been a director of Xyratex since 2004. He is also a director of Aveva Group plc and IP Group plc.
"Jonathan has been a tremendous contributor to the Company and I am delighted that he has now agreed to take on the role of Chairman," said Steve Barber, CEO of Xyratex. "I would like to thank Andy for his many years of dedicated service and invaluable contribution to the Company."
Announcing his retirement from the Board, Andrew Sukawaty said: "It has been a privilege and honor to work with the world class management team and Board of Directors of Xyratex since 2004. During my tenure as Chairman, the Company has continued to stay in the forefront of the rapidly changing storage industry and has established a strong balance sheet, which has enabled the recently announced dividend and share buy backs. Since the IPO in 2004, it has seen a fourfold increase in annual revenues, an expansion and diversification of its product lines, and a global expansion of its operations making it the leading OEM provider of external disk based storage."
