RSA Executive Chairman Art Coviello To Retire

BEDFORD, Mass., Feb. 3, 2015 /PRNewswire/ -- RSA, The Security Division of EMC (NYSE:EMC), today announced Art Coviello's decision to retire from his post as Executive Chairman of RSA and Executive Vice President of EMC for health reasons effective February 28, 2015. Through a transition period, Mr. Coviello will serve as strategic advisor to RSA President Amit Yoran, who will remain in his current role while also assuming Mr. Coviello's responsibilities.   

Mr. Coviello was the Chief Executive Officer of RSA Security Inc. prior to its acquisition by EMC Corporation in 2006. He joined RSA in 1995 and has been a driving force in its strategic evolution and rapid growth over the past 20 years. In that time, RSA grew from being a leader in authentication to a multi-dimensional company with leadership positions in GRC, Security Analytics, and Identity Management and saw its annual revenue increase from $25 million in 1995 to $1 billion in 2014.

Executive Quotes:

Joe Tucci, Chairman and CEO, EMC Corporation

"Over the last two decades Art has made a vast and positive imprint on RSA and the security industry. His leadership and friendship will remain with us for many years to come. We're grateful for Art's contributions and consider ourselves privileged to remain close as he shifts his energies more toward his family and personal health." 

David Goulden, CEO, EMC Information Infrastructure

"Art brought to our business a rare capacity to foresee global security challenges and a clear insight into advanced security solutions to defend the digital world. He forged RSA's strategic direction during a time of rapid change in the security industry. We extend our thanks and best wishes to Art, and consider ourselves fortunate to have a leader of Amit Yoran's caliber to assume full leadership of RSA."

Art Coviello, Executive Chairman, RSA, Executive Vice President, EMC

"I look back on my time at RSA and EMC with fond memories and can't help but feel extremely fortunate to have worked with some of the finest minds in the industry over the past 20 years. As I retire, I do so with the confidence that RSA is well positioned for even greater success in the future and in good hands with Amit Yoran as president. Now is the right time for me to step down to focus on addressing health concerns that have recently emerged and to be with my family."

About RSA

RSA helps organizations manage the risk of operating in a digital world. RSA solutions give customers improved visibility into their digital environments, the ability to detect, investigate and respond to advanced threats; confirm and manage identities; and ultimately, help prevent IP theft, fraud and cybercrime. For more information on RSA, please visit www.rsa.com.

RSA and EMC are either registered trademarks or trademarks of EMC Corporation in the United States and/or other countries. All other company and product names may be trademarks of their respective owners.

This release contains "forward-looking statements" as defined under the Federal Securities Laws.  Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in the filings of EMC Corporation, the parent company of RSA, with the U.S. Securities and Exchange Commission. EMC and RSA disclaim any obligation to update any such forward-looking statements after the date of this release.

SOURCE RSA

Related Links

http://www.rsa.com