Joseph M. Tucci - EMC Corporation
Joe Tucci is Chairman of the Board of Directors, President and Chief Executive Officer of EMC Corporation. Tucci has been EMC’s Chairman since January 2006 and President and CEO since January 2001, one year after he joined the company as President and Chief Operating Officer. He is also Chairman of the Board of Directors of VMware Corporation.
Headquartered in Hopkinton, Massachusetts, with approximately 43,000 employees operating in more than 60 countries, EMC is the world’s leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. EMC reported revenues of $14 billion in 2009. Its current market capitalization places it among the 10 most valuable information technology product companies in the world.
Since his arrival at EMC, Tucci has led EMC through a period of dramatic revitalization, continued market share gains, and sustained double-digit growth. He has transformed EMC’s business model from what was a near exclusive focus on high-end storage platforms to what is now the industry’s most comprehensive portfolio of best-of-breed platforms, software, services, and solutions that enable organizations to implement information lifecycle management, aligning their IT infrastructure with their business based on the changing value of their information. Today, EMC operates with a balanced product portfolio in which software and services generate more than 50% of its annual revenues and hardware less than 50%. EMC has evolved with its market from an information management and storage company to a provider of open information infrastructure.
Over the past several years, Tucci has overseen the most aggressive new-product introduction cycles in the company’s history, led EMC into multi-platform open software for storage, information, and content management, expanded the company’s marketplace beyond the enterprise to commercial and small-medium businesses, broadened the company’s industry alliances, and established new selling, partnership, and distribution channels.
Concurrently, he has spearheaded the investment of more than $4 billion (since 2003) in strategic software acquisitions aimed at filling out EMC’s product portfolio, entering new market segments, and expanding the company’s addressable market opportunity. Over this period he has strengthened EMC’s management team with the integration of executives from other major technology companies. In addition, he has championed EMC’s use of Six Sigma to improve its business processes and engaged employees in the Total Customer Experience, EMC’s commitment to consistently exceed customers’ expectations for quality, service, innovation and interaction. Acknowledging EMC’s rejuvenation, the editors of Business Week named Tucci one of Corporate America’s best senior managers of 2004.
Before joining EMC, Tucci directed the financial and operational rebirth of Wang Global during six years as its Chairman and CEO. At Wang, he guided the company through a rapid and successful emergence from Chapter 11 bankruptcy protection and transformed the company from a midrange computer manufacturer into a worldwide leader in networked technology services and solutions. Under his leadership, Wang acquired and integrated ten companies from 1995 through 1999, and its market capitalization more than tripled. In June 1999, Wang was acquired by Getronics NV.
Prior to joining Wang in 1990, Tucci was President of U.S. Information Systems for Unisys Corporation, a position he assumed after the 1986 merger of Sperry and Burroughs that created Unisys. He began his career as a systems programmer at RCA Corporation and holds a bachelor’s degree from Manhattan College and an MS in Business Policy from Columbia University.
He is one of 150 CEO members of The Business Roundtable and the former chairman of its Task Force on Education and the Workforce. He is one of nine chief executives who steer The Technology CEO Council, the IT industry’s leading public policy advocacy organization, and is a member of the Executive Committee of TechNet, a network of CEOs who work to advance the U.S.’s global leadership in innovation. In addition, Tucci is a member of the Board of Directors of Paychex, Inc.; a member of the Board of Advisors of the Carroll School of Management at Boston College; a member of the Board of Trustees of Northeastern University; a member of the Board of Overseers, Columbia Business School; a member of the Advisory Board of Tsinghua University, in Beijing, China; and an Overseer of the Boston Symphony Orchestra.