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CEO says he's outta there next year

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Western Digital has outlined its company re-jig and is hunting for a replacement to existing CEO Chuck Haggerty. Haggerty, the storage vendor's chairman, president and CEO, said yesterday that the company had completed its restructure and indicated he would quit the company by the end of June 2000. External applicants would be considered for his position, with a decision expected within the next six months, according to a company statement. "I have discussed my retirement with the board of directors over the last three years," said Haggerty. "The timing is now right to hand over leadership of Western Digital as our organisational restructure is complete and the company embarks on the diversification strategy and repositioning we have laid in place over the last several quarters." The structural change creates a worldwide operations and geographies structure, led by executive VP Matthew Massengil. It also includes a lines of business/research and development organisation, headed up by senior VP Russell Stern. Both organisations report directly to Haggerty. Each of the lines of business has to define its market, dish out resources forge business plans. The lines are: desktop, enterprise, audio/visual, appliance and services/software solutions. The geographies' responsibilities include field sales, customer and channel business management and channel marketing in each region. Worldwide operations include manufacturing, materials and supply chain planning. A new centralised customer operations group is taking care of sales, accounts and logistics. Haggerty joined Western in June 1992. He previously worked for 28 years at IBM. ®

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