Violin Memory names replacement for fired CEO

The company chose former Metaswitch Networks CEO Kevin DeNuccio

Violin Memory has named Kevin A. DeNuccio as CEO after a seven-week search to replace Donald Basile, who was fired in mid-December.

The flash memory arrays manufacturer pushed Basile out as its stock price plummeted following its IPO in September and the announcement of poor quarterly results.

Board chairman Howard A. Bain III took over as interim CEO following Basile's departure. Bain, who will remain as chairman, praised DeNuccio's business transformation experience in a statement released Monday. He highlighted his skills in developing relationships with clients and sales channels, in cultivating talent and in rapidly scaling operations.

DeNuccio will also join Violin's board. He also has a seat on the board of his former employer, IP networking vendor MetaSwitch Networks, of which he was CEO from February 2010 to June 2012. He left that company to found angel investment fund Wild West Capital with Richard Nottenburg, a former CEO of Sonus Networks.

His previous experience includes a stint as CEO of edge router vendor Redback Networks and, prior to that, as senior vice president of worldwide service provider field operations of Cisco Systems.

DeNuccio will have his work cut out turning around Violin's fortunes. Following Basile's departure a number of other executives jumped ship, including COO Dixon R. Doll Jr. in January, leaving a void at the top.

The company's stock price is still languishing around US$3.78, a long way from September's $9 IPO price. Its fiscal year ended Jan. 31, so it is soon due to file its fourth-quarter and full-year results. In its third fiscal quarter, ending Oct. 31, it reported a net loss of $34.1 million on revenue of $28.3 million, compared to a net loss of $25.4 million on revenue of $20.6 million a year earlier.

Peter Sayer covers open source software, European intellectual property legislation and general technology breaking news for IDG News Service. Send comments and news tips to Peter at peter_sayer@idg.com.

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuespersonnelComponentsmemoryViolin Memory

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?