Former Microsoft President To Become Quantum's CEO

Former Microsoft exec to take helm at data storage systems company

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Richard Belluzzo, who stepped down May 1 as president and chief operating officer at Microsoft Corp., will take over as CEO of data storage systems company Quantum Corp. on Sept. 3.

Belluzzo, also a former executive at Hewlett-Packard Co. and Silicon Graphics Inc., will replace outgoing CEO Michael Brown, Quantum said.

Belluzzo's new job will start days after he formally ends a three-year stint at Microsoft, where he joined its consumer group as vice president and most recently served as president and chief operating officer. He gave up those jobs as part of a broad reorganization that gives increased autonomy to the executives in charge of Microsoft's product groups. .

In an interview after his resignation from Microsoft was announced, Belluzzo said that he wanted to be in a position to build a business and that the role of CEO best suited his goals .

Rick Belluzzo, named new CEO at Quantum Corp.
Rick Belluzzo, named new CEO at Quantum Corp.
Credited with being the force behind the growth of .Net, Xbox and Microsoft Network efforts, Belluzzo joins Milpitas, Calif.-based Quantum as its revenue is declining and losses are increasing. For its last fiscal year, Quantum reported a 22% drop in revenue year over year to $1.1 billion and a 74% drop in net income to $42.5 million.

Its current financial health, as measured by its first-quarter report delivered a week ago, isn't much brighter. Quantum announced a net loss of $131 million on revenue of $211 million, below the $230 million to $245 million revenue forecast the company issued in late April.

The lower-than-expected figures were preceded by a warning that the company would miss its target - the second consecutive quarter Quantum was forced to issue such an announcement.

Prior to working at Microsoft, Belluzzo was chairman and CEO of Mountain View, Calif.-based Silicon Graphics and worked for 20 years at HP, where he led the company's computer products division.

Williams is a reporter for the IDG News Service.

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