Rick Martig CFO of BlueArc

BlueArc Corporation announced the appointment of Rick Martig as chief financial officer (CFO) effective today. Martig will be responsible for finance and human resources functions, and brings more than 22 years of experience in finance, accounting and management to BlueArc. Martig takes the CFO reins from Mike Hasley, who will remain on board to ensure a smooth transition.

Rick Martig

"As a seasoned industry veteran with direct public market experience, Rick brings great capabilities to the BlueArc team," said Mike Gustafson, president and chief executive officer, BlueArc Corporation. "We value his insight from global leadership roles and his years of experience in building teams to execute through companies’ expansion. These are qualities and experiences that are foundational as we continue to execute our growth initiatives."

Martig comes to BlueArc from Genesis Microchip (now STMicroelectronics), a leading supplier of display image processors in the flat-panel TV and LCD monitor markets. At Genesis he served as the company’s CFO and senior vice president of finance. Previously, Martig spent 12 years at Xilinx, a worldwide leader in field programmable gate array (FPGA) solutions, where he served as the senior director of corporate finance and managed the company’s worldwide accounting organization. He was responsible for creating an internal compliance organization, and oversaw accounting operations in San Jose, Calif.; Dublin, Ireland; and Singapore. Martig also spent six years leading the business unit finance teams, working closely with all operational organizations at Xilinx during the high growth period of a multi-million to a billion-dollar company.

"I look forward to contributing to BlueArc’s success," said Rick Martig. "BlueArc is uniquely positioned in the network storage market with strong technology leadership and a terrific value proposition based on unmatched performance, scalability, versatility and simplicity."

Martig is a graduate of the University of Santa Clara with a B.S. in finance and holds an MBA from St. Mary’s College.