Violin Memory Appoints Howard Bain III As Interim CEO - Quick Facts

(RTTNews) - Violin Memory, inc. (VMEM) announced that Howard Bain III, Chairman of the Violin Memory Board of Directors, has been appointed interim Chief Executive Officer or CEO, effective immediately. Bain will remain Chairman of the Board.

The company said that Bain's appointment follows the decision of the Board of Directors to terminate Donald Basile as Chief Executive Officer.

The Violin Memory Board of Directors has initiated a search process and retained an executive search firm to identify a permanent CEO, Violin said.

Commenting on Bain, the company said he has served as Chief Financial Officer at several public companies, including Portal Software, Inc., Vicinity Corporation, Informix Corporation and Symantec Corporation. He has significant industry experience having served in senior management positions at various technology companies in the areas of semiconductor devices and manufacturing equipment, laser-based large screen projection systems, and computer disk drives.