Quantum names Fuad Ahmad chief financial officer

“Fuad has a broad range of executive experience driving increased growth and profitability in different technology sectors,” said Jon Gacek, president and ceo of Quantum. “This experience will serve Quantum well as we build on the progress we made in key areas during fiscal 2016 and look to capitalise on our scale-out storage opportunities, to use our data protection assets and to deliver greater shareholder value in this new fiscal year and beyond.”

Ahmad joined FLG Partners in 2013 and has been advising various companies on matters ranging from scaling their operations, growth and financing strategies to restructuring and reorganisations. Prior to FLG Partners, he was cfo of Sezmi Inc., a provider of cloud-based, turnkey video solutions for telecommunications, media/content and ISP companies. During his tenure, Ahmad played a central role in tripling revenue growth while reducing operating expenses more than 50 percent.

From 2004 to 2010, Ahmad was senior vice president and cfo of Globalstar Inc., an industry-leading provider of mobile satellite voice and data services with operations in over 30 countries servicing more than 650,000 subscribers. While at the company, he led its IPO following a period of robust growth and profitability.

“The storage challenges posed by more demanding workflows and the strength of Quantum’s product portfolio in addressing these challenges are providing new opportunities for the company, which is reflected in the positive preliminary fourth quarter results announced today,” said Ahmad. “I look forward to working with Jon and the rest of the management team to capitalise fully on these opportunities and deliver increased growth, profitability and cash flow.”