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| Overland Storage, Inc. appointed Jillian Mansolf as Vice President of Worldwide Sales and Marketing |
"We are extremely pleased to welcome Jillian to our executive team as the head of worldwide sales and marketing," said Eric Kelly, Chief Executive Officer of Overland Storage. "Jillian is a storage industry veteran with a strong track record of success, including her tenure as an officer and executive at Snap Appliance. Her unique industry perspective as well as significant sales and marketing expertise will prove instrumental in leading the Overland sales organization while broadening our strategic marketing efforts worldwide."
Previously, Mansolf served as Senior Vice President of Sales and Marketing at Data Robotics, where she spearheaded the company's global sales and marketing initiatives. Prior to that, she held various executive positions at Motion Computing, Maxtor and Dell. At Snap Appliance, Mansolf played a pivotal role in doubling sales and establishing the company as the worldwide NAS volume market leader.
Ravi Pendekanti will take on a new role as Vice President of Business Development and Solutions. This executive position, which reports to Kelly, reflects the importance of integrated solutions as a major growth driver in Overland's business. "Our strengthened executive team is well positioned to accelerate growth across all major lines of business and geographic areas," added Kelly. "This will ensure Overland continually delivers compelling end-to-end solutions that effectively meet our customers' requirements."
Overland also reported that it granted inducement stock options to Mansolf who can purchase up to 120,000 shares of its common stock. Additionally, 75,000 shares have been granted to Andy Walsky, who joined the company recently as vice president of EMEA sales. The options were granted as inducements material to employment in accordance with NASDAQ Listing Rule 5635(c)(4).
