Friday, September 06, 2013

Lisa Loe VP of WW Sales at Overland Storage

Jillian Mansolf no longer executive officer

Overland Storage, Inc. announced that Lisa Loe has joined the company as VP of WW sales, responsible for sales strategy, channel partners and customers, and Jillian Mansolf has been named SVP marketing.

"Lisa has a proven track record within both mobility enterprise and storage of building long-term customer and strategic partner relationships," said CEO Eric Kelly. "With her experience at Good Technology, she is one of the few executives within the BYOD space that has built a mobility enterprise channel. She has experience in developing channels and alternative routes to market, and building world-class sales teams that scale. We are excited to have her join the leadership team at Overland as we advance our vision to be the premier storage provider for the mobile workforce."

Prior to joining Overland, Loe was VP of americas channel and partner sales for mobility solutions provider Good Technology, where she was responsible for developing the overall enterprise and market segment business strategy with partners. While at Good Technology, she guided the team in identifying and developing the company's secure integrated mobile data and application management solutions. Before that, she was VP of OEM and global strategic partners at Isilon (now EMC Isilon), provider of NAS and workflow storage solutions. She has also held senior management positions at McAfee and Symantec.

As part of her offer letter, Loe was granted an inducement stock option at an exercise price equal to the closing price of the company's common stock on the grant date for the purchase of up to 75,000 shares of its common stock, and an inducement award of 125,000 restricted stock units, each in accordance with NASDAQ Listing Rule 5635(c)(4).

Effective on September 3, 2013, Jillian Mansolf, SVP of global sales and marketing of the company no longer serves as an executive officer of the company. She continues to be employed by the company as its SVP marketing.

In connection with her change in position, Mansolf and the company have entered into an amendment of her offer letter with the company dated as of June 29, 2009. The amendment provides for her to continue to receive her current base salary of $238,000 and to be eligible to receive a quarterly bonus under the company's executive bonus plan commencing October 1, 2013 with a target bonus of $25,500 per quarter.