Executive Team

Executive Chairman and Chief Executive Officer

Dr. Carr Bettis

Carr is a serially successful entrepreneur, as the founder and chief architect of numerous market-leading financial science and technology innovations and businesses that have been acquired by Merrill Lynch, Thomson Financial (now Thomson Reuters), Primark/Disclosure (now Thomson Reuters), Institutional Shareholder Services (ISS), Advanced Equities/Greenbook Financial (now First Allied) and Sabrient Systems. He manages his family’s private equity portfolio via Fathom Lab. Carr jointly owns intellectual property with Thomson Reuters via his IP firm CB Partners, and is Co-founder and Chairman of Verus Analytics, Inc, a 20-year financial technology firm.

Dr. Bettis serves on the Board of Directors of iMemories, First Contact Entertainment and is Executive Chairman of AudioEye (OTCBB: AEYE). He maintains an affiliation with Arizona State University and Columbia University via the Center for Technology Management. His research has been published in the most prestigious academic journals such as the Journal of Financial Economics, Review of Financial Studies, and Journal of Financial and Quantitative Analysis. He earned his Ph.D. from Indiana University.

Executive Vice President and Chief Architect

Stephen J. Sicola

Stephen brings 43 years’ experience in computer & storage system architecture, executive management, software engineering, hardware engineering, as well as over 60 patents pending or granted in the areas of system architecture, RAID, caching, fault tolerance, & data replication.

He holds degrees in Electrical Engineering & Computer Science and a Master’s (Stanford) as well as Computer Architecture & Fault Tolerant Computing (combined degree from Stanford, MIT, UMASS, etc.)

Stephen has excelled first at NOAA, starting at 17 years old during undergraduate work concurrently at Stanford for the physicists who worked on first computer with Grace Hopper working on weather forecasting and writing the first software for wind shear detection at airports, Stephen followed this up with a career at Digital Equipment and Compaq, working on the first array controller attached to VaxCluster (HSC50), writing the first microcode for what would become Ethernet, VLSI development, firmware and system architecture for arrays, to being a fellow and CTO, leading Digital/Compaq StorageWorks architecture and design of modular array controllers that drove Compaq to be #1 in Storage through 2002 with the EVA (enterprise virtual array).  Stephen drove the Storage Area Network adoption with fabric-based arrays and storage virtualization.

Following this, Stephen was GM & CTO of a Seagate Division, called Advanced Storage Architecture where the world’s first fully sealed storage array was developed that still holds the performance records for any HDD based system with reliability that still has products in the field almost 10 years after initial deployment (ISE, the Intelligent Storage Element). Stephen followed this up, after the division was spun off  to X-IO, where the first enterprise hybrid array set world records over all flash arrays with the same reliability for SW & HW as well as leading the team to the first SDS (software designed storage) management model (2008 award winner at VMware).

More recently, Stephen worked for the Executive Staff of Seagate, consulting to the presidents and CEO, as well as holding board positions and advisor position for multiple new startups in fundamental areas of computing, storage, and networking. Stephen is known world-wide for speaking engagement in computing & storage with multiple papers published in IEEE as well as other notable publications.  Steve has also been instrumental in driving  new NVMeOF subsystems by consulting with Western Digital and standards committees.

Senior Chief Technology Officer Fellow

Rob Peglar

Rob is a seasoned technology executive with 40 years of data storage, network and compute-related experience, is a published author and is active on many industry boards, providing insight and guidance. He brings a vast knowledge of strategy and industry trends to Formulus Black. Rob is also on the Board of Directors for the Storage Networking Industry Association (SNIA) and an advisor for the Flash Memory Summit. His role at Formulus Black will include working with the management team to help drive the future product portfolio, executive-level forecasting and customer/partner interaction from early-stage negotiations through implementation and deployment.

Prior to joining Formulus Black, Rob was the Vice President, Advanced Storage at Micron Technology, where he led next-generation technology and architecture enablement efforts of Micron’s Storage Business Unit, driving storage solution development with strategic customers and partners. Previously he was the CTO, Americas for EMC where he led the entire CTO function for the Americas.

Prior to EMC, Rob was the Treasurer and Director for SNIA, as well as the Director and Treasurer for the High Performance Cluster File Systems Software Foundation. He has also held senior level positions at Xiotech Corporation, StorageTek and ETA Systems.

Rob’s extensive experience in data management, analytics, high-performance computing, non-volatile memory, distributed cluster architectures, filesystems, I/O performance optimization, cloud storage and replication and archiving, networking, virtualization makes him a sought after industry expert and board member. He is a four-time EMC Elect member, 2014-2017. He was one of 25 senior executives worldwide selected for the CRN ‘Storage Superstars’ Award in 2010.

Rob holds the B.S. degree in Computer Science from Washington University, St. Louis Missouri, and performed graduate work at Washington University’s Sever Institute of Engineering. His research background includes memory optimization, distributed systems, I/O performance analysis, queuing theory, parallel systems architecture and OS design, file systems & storage networking protocols, clustering algorithms and virtual systems communication.

Chief Marketing Officer

Wayne Rickard

Wayne is a senior technology leader, executive, and industry expert with extensive experience in multiple industries including Storage, SaaS, Consumer, Precision Manufacturing, Business Intelligence, and Semiconductor. Wayne is known for his track record of managing innovation and taking advanced technologies to market, with experience spanning Fortune 500, start-ups, and SMB.

Prior to joining Formulus Black, Wayne served as VP of Business Development at Radian Memory Systems, a startup developing next generation Storage Memory products for enterprise and cloud computing applications. Prior to that, Wayne led an international team of sales and marketing professionals as Vice President, Global Sales & Marketing, for Singapore-based MMI Holdings Ltd., a portfolio company of KKR (Kohlberg Kravis Roberts & Co.).

Wayne previously served in senior leadership roles including Vice President Strategic Marketing, Advanced Storage Architectures, and Chief Technologist at Seagate Technology where he was responsible for defining and evangelizing new storage subsystems, and was selected to create and lead the retail Branded Solutions business unit, where he organized, managed and led a global staff accountable for strategy, engineering, business development, quality, customer support, user experience, and web services. He was a founding executive at Gadzoox Networks, and served 15 years at Emulex Corp., where he managed the product strategy and development effort that established the company’s leading market position in the Fibre Channel HBA market.

As a speaker, tech-evangelist, and visionary, Wayne interacts regularly with a network of accomplished leaders in business, technology, finance, media, consulting, and academia. His articles and comments have appeared in EE Times, Storage Networking Word Online, ComputerWorld, Storage, Inc., Computer Technology Review, InfoStor, and FORTUNE Magazine.

Wayne currently holds several advisory board positions, and is active in private equity investing through Tech Coast Angels. He serves on the Board of Directors at Codelucida, a fabless semiconductor company developing error-correction technologies for next-generation applications in storage-class memories, wireless, optical and satellite communications
Wayne received his MBA from Pepperdine University, as well as an undergraduate Civil/Mechanical/Electrical Engineering degree from California State University, Fullerton.

Chief Data Officer

Andrei Khurshudov, Ph.D.

Dr. Andrei Khurshudov is an experienced executive leader. He has extensive expertise in big data analytics, machine learning, data storage technology, cloud storage and computing, financial and business analytics and forecasting, and the quality and reliability of hardware and software products.

Andrei has spent over 20 years working for the largest high-tech companies, including IBM, Hitachi Global Storage, Samsung, and Seagate. During that time, he has built and managed multiple R&D organizations.

Dr. Khurshudov has a PhD in Engineering. He is a conference presenter and has published work in academic journals. He holds numerous US patents, is author of a book on computer data storage.