Penguin Solutions Announces Leadership Changes

Summary

MILPITAS, Calif. - July 29, 2025 - Penguin Solutions, Inc. has announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation and further enable go-to-market strategies in systems, software, services and end-to-end advanced computing solutions.

“We are excited to have Tony and Ted join Penguin Solutions as we strengthen our organization for the future,” said President and CEO of Penguin Solutions Mark Adams. “These additions to our leadership team represent another step in our transformation from a legacy holding company organization to a more traditional leadership structure while setting us up for long-term success.”

Tony Frey will serve as SVP and chief revenue officer, effective Aug. 25. In this role, he will oversee global sales for Penguin Solutions’ Advanced Computing and Integrated Memory segments. Tony brings over 25 years of global leadership experience in enterprise technology. He has deep expertise across the full technology stack—from infrastructure to business applications—with an emphasis on data management, cloud computing, and AI enablement. Previously, Tony served as vice president of global strategic accounts at NetApp, an intelligent data infrastructure company, and spent nine years in multiple VP enterprise sales roles at Informatica, an AI-powered enterprise cloud data management company.

Ted Gillick will serve as SVP of Strategy and Corporate Development, effective August 4. He has more than 20 years of experience in corporate development, investment banking, and strategic planning across the technology sector. Before joining Penguin Solutions, Ted led global M&A efforts as SVP of corporate development at Dell Technologies. Previously, he was a senior member of the corporate development team at Avid Technology and served as an M&A investment banker at Lehman Brothers and at Barclays Capital.

In connection with these changes, the Company also announced the departure of Pete Manca, SVP and president of Advanced Computing. In the revised organizational structure, this role has been eliminated.

“I believe Tony and Ted’s combined skills and experience will help drive our continued growth as a trusted partner in AI,” said Mark Adams. “I’d like to thank Pete for his contributions to our Advanced Computing business and wish him the best in his future endeavors.”

About Penguin Solutions

The most exciting technological advancements are also the most challenging for companies to adopt. At Penguin Solutions, we support our customers in achieving their ambitions across our computing, memory, and LED lines of business. With our expert skills, experience, and partnerships, we turn our customers’ most complex challenges into compelling opportunities.