@Home Names Tom Jermoluk Chairman, President and Chief Executive Officer
Founding CEO, Will Hearst appointed to vice-chairman of the company's Board of Directors
Mountain View, California -- July 31, 1996 -- At Home Corporation (@Home) today
announced that its Board of Directors has appointed Tom Jermoluk to the position
of Chairman, President and Chief Executive Officer of @Home. Formerly President
and Chief Operating Officer of Silicon Graphics, Inc., Mr. Jermoluk's appointment
is effective immediately. The company's founding CEO, Will Hearst, will serve as
vice-chairman of @Home's Board of Directors.
Since joining Silicon Graphics in 1986, Jermoluk was responsible for navigating the company through successful product transitions and negotiating significant strategic mergers such as MIPS Computer Systems, Cray Research, Alias Research and Wavefront Technologies. During his tenure as president and COO, the company grew to nearly $4 billion in revenue run rate and over 11,000 employees. In assuming the positions of Chairman, President and CEO of @Home, Jermoluk, 40, has resigned from his management roles at Silicon Graphics.
Prior to Silicon Graphics, Jermoluk managed a variety of hardware and software development projects at Hewlett Packard and Bell Laboratories. He has a master's and a bachelor's degree in computer science from Virginia Tech.
"Tom is a highly accomplished executive with broad technology experience and creativity," said Bruce Ravenel, President and CEO of TCI Internet Services, Inc. "TCI and our partners, Kleiner Perkins, Cox and Comcast share a vision that @Home will become the greatest Internet service company on the planet. Tom has the ability to make this vision a reality."
"I am excited about joining the top-notch management team of @Home, a company well-positioned to be a leader in the delivery of Internet services over cable." said Jermoluk. "I am especially excited about the opportunities of the coming year, as we begin to deploy the @Home service."
"After months of searching for the right candidate for CEO of this company, Tom emerged as the clear choice to take on the challenge," said @Home founding CEO, Will Hearst. "He is a world class executive who has the drive, experience and skill to take @Home to the next stage of development. He has my full support as well as the support of the entire executive team."
As founding CEO of @Home, Will Hearst guided @Home through important milestones beginning with the formation of the joint venture between TCI and Kleiner Perkins Caulfield & Byers, and leading to additional equity investment in the company by Comcast Corporation and Cox Communications. He also formed @Home's senior management team, which represents key executives from the Internet, computer, cable and publishing industries. In addition to serving on the board of directors of @Home, Hearst will resume his responsibilities as general partner at Silicon Valley venture capitalist firm, Kleiner Perkins Caulfield & Byers.
Based in Mountain View, CA, the At Home Corporation was formed in 1995. Investors
in the company include Tele-Communications Inc. (TCI), Comcast Corporation, Cox
Communications, and Kleiner Perkins Caufield & Byers. The company distributes high-speed
interactive services to residences, businesses and schools using the cable industry's
hybrid-fiber coaxial distribution architecture.
@Home, @Home Network and the @Home logo are trademarks of At Home Corporation. Silicon Graphics is a registered trademark of Silicon Graphics, Inc. MIPS is a registered trademark of MIPS Technologies, Inc. Alias is a registered trademark, and Alias|Wavefront, is a trademark of Alias|Wavefront, a division of Silicon Graphics Limited.