SGI CEO Named 2011 Best Large Company CEO by San Francisco Business Times
Mark J. Barrenechea Recognized for his Role in Leading Company to Growth and Profitability
FREMONT, Calif.—May 23, 2011—SGI (NASDAQ: SGI), a trusted leader in technical computing, today announced that SGI CEO Mark J. Barrenechea has been named 2011 Best Large Technology Company CEO by the San Francisco Business Times.
"For his role in overseeing Rackable [Systems]'s acquisition and integration of Silicon Graphics, the San Francisco Business Times has named SGI CEO Mark Barrenechea as its 2011 Best CEO of a large technology company," writes Patrick Hoge of the San Francisco Business Times.
"I am honored to receive this important recognition from the San Francisco Business Times. This recognition is made possible by the teamwork and support of SGI's global employees, whose dedication to growing SGI and to creating technology for the most critical computing tasks has been unparalleled," said SGI CEO Mark J. Barrenechea. "The new SGI is focused on integrated Technical Computing solutions enabling our customers to push the boundaries of discovery, science and business."
The San Francisco Business Times article notes, "The profiles of our Tech & Innovation awardees show incredible resilience and rebirth, as in the story of how Rackable Systems CEO Mark J. Barrenechea dug storied super-computing firm Silicon Graphics Inc. out of the recession's rubble and turned it into a half-a-billion-dollar powerhouse." Wonderlich Securities analyst Brian Freed added, "To Mark's credit, he saw value where nobody else did."
"SGI has put itself in front of what Intel predicts will be massive growth," said Kirk Skaugen, vice president of Intel Corporation's architecture group. "SGI is also enabling scientists in a wide variety of fields to tackle the toughest problems on the planet, ranging from weather modeling to disease treatment and energy research. They're pushing the boundaries of science."
"Mark has done a phenomenal job of bringing the two companies together. The sum is greater than the two parts. I can't imagine anyone could have done it better," said William Thigpen, branch chief at the NASA advanced supercomputing division in Mountain View.
Please visit the San Francisco Business Times to read the complete story (PDF).
Schwartz Communications, Inc.