Conference 7.286::digital

 Worldwide News                                              LIVE WIRE
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 Digital names Vincent Mullarkey chief ...                   Date: 26-May-1994
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            Digital names Vincent Mullarkey chief financial officer 
   
         Robert B. Palmer, Digital's president and chief executive officer, 
   today announced that Vincent J. Mullarkey has been named vice president 
   and chief financial officer, effective immediately. Mullarkey, who was 
   corporate controller, succeeds William M. Steul, who has resigned from 
   the company to pursue other interests.
         "Digital is making steady progress toward the resumption of 
   sustained profitability," said Palmer.  "Vin's appointment, with his 
   strong background in financial management and controls, is consistent 
   with our determination to concentrate on accelerating that progress.  
   It is one of an ongoing series of steps we are taking to strengthen our 
   management team.  Vin brings a record of high energy and broad business 
   perspective to his new assignment." 
         Palmer added, "I have worked closely with him, not only in the 
   last year and a half, but also when Vin served as controller in 
   Digital's Semiconductor Operations and the Manufacturing and Logistics 
   operations.  He has a comprehensive approach to financial controls, and 
   demonstrates predictability and financial accuracy.  Most important at 
   this critical time, Vin has an extensive knowledge of the company's 
   worldwide businesses, having held financial management positions that 
   cover our operations in Europe, Asia, and the Americas." 
         Commenting on Steul's departure, Palmer stated, "We are grateful 
   for Bill's long and loyal service to Digital. The company has 
   benefited significantly from his many accomplishments. We wish him 
   success in his future endeavors."

     Jeffry Gibson
     (508) 493-6865




                   DIGITAL NAMES VINCENT MULLARKEY

                       CHIEF FINANCIAL OFFICER



MAYNARD, MA -- May 26, 1994 -- Robert B. Palmer, president and chief 
executive officer of Digital Equipment Corporation, today announced 
that Vincent J. Mullarkey, 46, has been named vice president and 
chief financial officer, effective immediately. Mullarkey, who was 
corporate controller, succeeds William M. Steul, 51, who has 
resigned from the company to pursue other interests.
     "Digital is making steady progress toward the resumption of 
sustained profitability," said Palmer. "The appointment of Vin 
Mullarkey, with his strong background in financial management and 
controls, is consistent with our determination to concentrate on 
accelerating that progress.  It is one of an ongoing series of steps 
we are taking to strengthen our management team.  Vin brings a 
record of high energy and broad business perspective to his new 
assignment." 
     Palmer added, "I have worked closely with him, not only in the 
last year and a half, but also when Vin served as controller in 
Digital's semiconductor operations and the manufacturing and 
logistics operations.  He has a comprehensive approach to financial 
controls, and demonstrates predictability and financial accuracy.  
Most important at this critical time, Vin has an extensive knowledge 
of the company's worldwide businesses, having held financial 
management positions that cover our operations in Europe, Asia, and 
the Americas. 


     Mullarkey earned a bachelor of science degree in Accounting and 
Finance from Bentley College in 1971, and is a graduate of the 
University of Michigan Executive Development Program.
     Commenting on Steul's departure, Palmer stated, "We are 
grateful for Bill's long and loyal service to Digital. The company 
has benefitted significantly from his many accomplishments. We wish 
him success in his future endeavors."
     Digital Equipment Corporation is the world's leader in open 
client/server solutions from personal computing to integrated 
worldwide information systems.  Digital's scalable Alpha AXP 
platforms, storage, networking, software and services, together 
with industry-focused solutions from business partners, help 
organizations compete and win in today's global marketplace.
                               ####

Note to Editors:  Digital, the Digital logo, and Alpha AXP are 
                  trademarks of Digital Equipment Corporation.

CORP/94/510

      Not a real surprise. I'd heard all along that Steul knowingly
    accepted the responsibility of the position with the understanding that
    his tenure would be temproary, and Mullarkey's "star" has been
    ascending steadily for the past few years...this all pretty well
    follows true...
    
      What I am a bit puzzled about in the basenote is what the heck a
    "Saloman employee" is doing confirming anything??? What has Saloman got
    to do with confirming anything??
    
      (Question is, had "The Globe" confirmed anything??)
    
    Mc
    

    We get calls from our customers all the time letting us know the latest
    in news.
    

     Re .4
    
      O.K....I guess it's as good as when we hear somthing in the
    restroom....or read it from the Globe...
    
     ;-)
    
    

    I'm sorry...but it stuck me funny....his name is mullarkey?  %^)
    
    
    J

    Regarding .3...
    
    I believe the base noter was referring to the Securities Firm Saloman
    Brothers. The reference was not to a Digital employee named Saloman.
    
    Brian

    i heard it in this weeks national enquirer...
    
    
    

It's SOLOMON BROS.

re .9:

No, it's Salomon with an "a".

re: back a few
>    I believe the base noter was referring to the Securities Firm Saloman
>   Brothers. The reference was not to a Digital employee named Saloman.
    
I think that was understood -- I suppose the question being asked was
"how is it that details about DEC high-level staff changes are 
 confirmed by someone from an outside company, not someone from DEC".

Please note that .1, taken from Livewire, was entered a few minutes after .0.
DEC isn't allowed to release information like this internally before it
releases it externally, so they make an attempt to do it simultaneously.
I think they did a pretty good job.

Oops, you're right it is Salomon.

    Old news....was rumored over a month ago.
    

    Well, that's at least one financially related forecast that
    appears to have been accurate :-)

    from today's wsj:
    
    Bill Steul, 52, was named Chief Financial Officer of Eaton Vance Corp.
    in Boston.  Eaton Vance is a mutual fund advisory firm.