FalconStor Software, Inc (NASDAQ:FALC), a market leader in storage software, is today excited to make the much awaited announcement. Todd Oseth has been appointed the company’s new President and Chief Executive Officer and he is expected to swing to action effective July 1, 2017. The former FalconStor President and Chief Executive Officer, Gary Quinn on July 1, 2017 decided to resign voluntarily.

Some top journalist have tried reaching out to see whether or not he could reveal more details in regards to his resignation. To their uttermost frustration, he declined to comment further. However, this needed to be taken just for what it was because some top officials upon resignation prefer disclosing quite little. His resignation marks a new beginning for the company and everyone is looking forward to see how Todd Oseth takes up from the former FalconStor President and Chief Executive Officer.

Mr. Oseth is a high-performance, hands-on chief executive and according to, he is expected to deliver profitable business growth which will be possible through working directly with employees, partners, customers and investors in the pursuit of the provider’s strategic objectives.

Before joining FalconStor, the top executive served as President and Chief Executive Officer of Intermap Technologies where he is believed to have played critical roles towards transforming the company to become a leading provider of geospatial solutions.

While recently addressing a number of top news reporters, Mr. Oseth said, “FalconStor’s strong heritage in data protection and mobility, particularly focused on lowering storage costs through utilizing public cloud services, is unrivalled. I’m honored to lead the team as we focus first on serving our substantial customer base and second on innovating in addressing storage challenges where FalconStor leads the market such as VTL and cloud mobility.”

The CEO has promised that in his first one hundred days he will make major steps towards finding top solutions to both the current and future needs the company’s customers and partners. The company through one of its board members, Martin Hale wished the new CEO all the best in his endeavors.