Joe Tucci loves his job as chairman and CEO of storage king EMC so much that he has agreed to extend his tenure yet again.
EMC and Tucci on Wednesday signed an extension to Tucci's employment agreement under which he will remain in his position through at least February of 2015, according to an EMC SEC filing.
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EMC has not said why Tucci will remain in charge longer than previously expected. In past conversations about his role at EMC, however, Tucci said his decision not to retire at age 65 was due in part to requests from EMC employees to remain at his post. He had also stated that EMC would have a new CEO before he retires and that he had expected to retire with the title of chairman only.
The news that Tucci will remain as EMC's top executive through early 2015 was called "amazing news" by Jamie Shepard, executive vice president of technology solutions at ICI, a Marlborough, Mass.-based solution provider and long-term EMC channel partner.
"I wish he would have signed on for another five years," Shepard said.
Shepard said he has been nervous about Tucci leaving. "He has some great people under him, but they may not share his complete vision," he said. "They're not as well-rounded as Joe is."
Tucci, on the other hand, has articulated the importance of the channel and of the cloud in a way no one else has, Shepard said.
"Everybody is talking about having a cloud team," he said. "But Tucci has really outlined the difference between public, private and hybrid clouds and where EMC stands. Other vendors tell us customers need new hardware for private clouds. But, Tucci articulated the message that we need to develop the cloud, not just buy EMC hardware."
Tucci's decision to stay at EMC comes even as the company strengthens its executive team with a series of high-profile changes that, unlike what happens in most companies, has resulted in no executive departures.
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