Bob Schultz to leave Adaptec

May 24, 2002 – Milpitas, CA – Adaptec Inc., a provider of storage access solutions, announced that Robert Schultz Jr., COO, will be leaving the company at the end of June 2002.

Robert Stephens, president and CEO stated, “Bob has played a key role in strengthening our operations and making Adaptec more responsive to customer-driven opportunities. We wish him well in his future endeavors.”

Stephens will assume Schultz’s duties, effective July 1, 2002, as the company does not intend to name a replacement.


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