EMC CEO Joe Tucci plans to become executive chairman at the end of 2012 and hand the reins to a successor.
Tucci, speaking to The Wall Street Journal in a story about executive chairmen, outlined the plan. Tucci will be chairman for two years and help with sales, acquisitions, and other tasks. After that, the successor would consolidate roles. Pat Gelsinger, chief operating officer, would be a favorite for the position.
For EMC, that succession plan playbook has been used before. When Tucci landed the CEO gig in 2001, former chief Michael Ruettgers stayed as an involved chairman.
EMC's … Read more