End of Paul Folino as Emulex Executive Chairman

Emulex Corporation announced that Paul Folino, Emulex’s executive chairman, will complete his active employment with Emulex on November 29, 2011.

The end of Mr. Folino’s services as executive chairman is in accordance with a transition plan adopted by the company and Mr. Folino. Mr. Folino will remain available for service on the Emulex board of directors as chairman of the board after his employment and role as executive chairman ends.

"I am grateful for the opportunity I have been given to help Emulex achieve success over the last 18 years," said Paul Folino, executive chairman, Emulex. "I also look forward to providing any additional support that may be needed by Emulex’s chief executive officer (CEO), Jim McCluney, as he takes the company to the next level. I am very pleased that Emulex has such an excellent management team and I look forward to their continued success."

"Since his arrival in 1993, Paul has established Emulex as a world leader in storage networking and laid the foundation for its leadership in the emerging converged network technology. In so doing, he has created tremendous benefits for the company’s employees, shareholders and customers," said Fred Cox, chairman emeritus and co-founder, Emulex. "He is a man of the highest integrity who will continue to contribute to the success of Emulex for many years to come."

"Emulex has been privileged by the presence of Paul Folino," said Jim McCluney. "I was happy to join Paul in the management of Emulex in 2003. I have enjoyed working with him for the last eight years, and I look forward to a fruitful ongoing working relationship to continue Emulex’s success."

 Mr. Folino joined Emulex in May 1993 as president and CEO and as a member of the board of directors. In July 2002, he was promoted to chairman of the board and CEO, and in September 2006, became executive chairman. Paul also is a member of the public boards of Microsemi Corporation and CoreLogic, Inc.