Dennis Wolf CFO of Fusion-io

Fusion-io announced that Silicon Valley veteran Dennis Wolf has joined the company as senior vice president and CFO to help it manage its rapid growth as it continues to expand into new markets around the globe.

Although Fusion-io is a privately held company and doesn’t disclose financial details, Wolf’s arrival is timely, as Fusion-io is experiencing more than 80 percent quarter-over-quarter sales growth and more than 300 percent sales growth year-over-year.

“I am incredibly pleased that someone of Dennis’ skill and reputation has joined the Fusion-io team. Unlike companies with an OEM-only sales model, our sales force can create pull for our OEMs and gain valuable insight into our customer base by driving sales growth directly at the customer level. This model allows us to focus on fully meeting customer needs while supporting our strategic partners, which include the world’s top three server vendors,” said David Bradford, CEO of Fusion-io. “With such a steep ramp ahead and NAND supplies only getting tighter, this visibility, coupled with a disciplined, strategic-minded CFO like Dennis Wolf, will only add fuel to our accelerated market expansion and continued success."

“In the 20 years I’ve been working in this industry, I’ve never seen a company grow this fast and I believe we are well poised to triple our growth in 2010,” said Jim Dawson, senior vice-president of worldwide sales for Fusion-io. “As a young company experiencing such incredible, rapid expansion, Dennis’ financial expertise and broad understanding of the marketplace will be essential to our continued ability to meet customer demand.”

Wolf is a seasoned executive who has led several public and private companies as CFO, COO and CEO. He brings more than 30 years of leadership experience in high-growth technology companies, with work in finance and other disciplines. Most recently, he served as executive vice president and CFO at MySQL, Inc., where he was integral in MySQL's growth strategy and its ultimate sale to Sun Microsystems in a transaction valued at $1 billion. Mr. Wolf began his career with financial management roles at Apple and Sun Microsystems. Mr. Wolf has also served in various executive positions at several public companies including Centigram Communications, Credence Systems, Omnicell, and Redback Networks, and he currently serves on the Board of Directors of Bigband Networks, Codexis, and Quantum Corporation.

Mr. Wolf earned a Bachelor of Arts degree in Religion from the University of Colorado and an M.B.A. from the University of Denver.  Mr. Wolf will be based out of the Silicon Valley office, but is committed to spending substantial time at our headquarters in Utah. Originally from Denver, he is happy to spend some time near the mountains.

“I know an innovative company when I see one, and Fusion-io is one of those companies which is why I'm excited to be a part of it. Not only have they emerged as an industry leader in the growing field of solid-state enterprise technologies, they created this market for server-deployed, Flash-based solid-state as a new memory tier,” said Wolf. “Although Fusion-io is a private company and we don't usually discuss revenues, I'm pleased to say the quarterly numbers have eight digits and we're growing rapidly. This technology is truly groundbreaking and disruptive and the talent base here is extraordinary. I believe our numbers are a testament to the fact that we've got the right recipe for success in this emerging market.”