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Press Release
RACKABLE
SYSTEMS RESTRUCTURES KEY MANAGEMENT ROLES TO STRENGTHEN ITS LEADERSHIP
-- Todd Ford Promoted to President, Madhu Ranganathan
Promoted to Chief Financial Officer --
MILPITAS, Calif., April 27, 2006 –
Rackable Systems, Inc. (NASDAQ: RACK), a leading provider of servers
and storage products for large-scale data centers, today appointed
Todd Ford to the role of President and Madhu Ranganathan to Chief
Financial Officer.
Ford assumes the role of President after more than three years with
Rackable Systems as Chief Financial Officer and Executive Vice President
of Operations. He has played a pivotal role in the company's rapid
growth in the highly competitive server and storage markets and in
its successful IPO in June 2005. As President, Ford will continue to
work closely with Tom Barton, Rackable Systems' CEO.
"Todd's appointment recognizes the important contributions he
has made to the success of Rackable Systems and his ability to assume
even greater responsibilities and challenges. Todd's elevated role
in overseeing day-to-day internal operations will allow me to focus
on sales and marketing, product development activities, long term strategy
and external communications," said Barton.
Formerly the Vice President of Finance for Rackable Systems, Madhu
Ranganathan assumes the role and responsibilities of Chief Financial
Officer immediately and will report directly to Ford. She has over
15 years of financial, accounting and operational experience. Prior
to joining the company, she served as Vice President and Corporate
Controller at Redback Networks, where she played a key role in a highly
successful turnaround effort that included financial restructuring,
securing venture funding and managing operations to achieve improved
margins, cash position and profitability. Prior to Redback, Madhu led
finance operations at emerging growth companies Jamcracker and BackWeb
Technologies, and helped lead BackWeb to a successful IPO. Earlier
in her career, she held positions in finance and accounting at Liberty
Mutual and PriceWaterhouse LLP.
"Madhu has demonstrated strong financial leadership, and we're
extremely confident in her ability to carry the finance organization
forward,"
said Barton.
About Rackable Systems
Rackable Systems, Inc. (Nasdaq: RACK) is a provider of servers and
storage products for scale out data center deployments. The company's
servers are designed to provide benefits in the areas of density,
thermal efficiency, serviceability, power distribution and remote
management. Founded in 1999 and based in Milpitas, California, Rackable
Systems serves Internet, semiconductor design, enterprise software,
federal government, entertainment, financial services, oil and gas
exploration and biotechnology customers worldwide.
To learn more about Rackable Systems visit www.rackable.com.
Contact Information:
Rackable Systems is a registered trademark of Rackable
Systems®, Inc. All other trademarks are property of their respective
holders.
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