Feeds

Maxtor's revolving door brings in new Prez and COO

They come, they go

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Maxtor continued today its executive shuffle, naming a new president and COO just two days after its former president and CEO resigned.

Michael Wingert, former CEO of Cornice, has been tapped as Maxtor's new Prez and COO. He is taking over the president role from Paul Tufano who unexpectedly resigned earlier this week. Tufano was replaced in the CEO role by C.S. Park who is currently chairman of Maxtor as well.

Wingert held several executive positions at Maxtor over a ten year period before leaving to run Cornice. "We are very pleased that Mike is rejoining Maxtor in the president and chief operating officer roles," said Park.

Maxtor has been going through rough times - most notably suffering a $91m loss in its last quarter. The company expects to lose up to $55m in it current quarter as well. Along with the losses, Maxtor has seen three CFOs, including Tufano, leave the company this year, and it announced a large layoff.

Analysts have spent much of the week speculating that Tufano was forced out by the board. The directors may be looking for an executive that can help turn the company around at a quicker clip. ®

Related stories

Maxtor loss balloons on job cuts, falling ASPs
Maxtor boosts SATA HDD cache to 16MB
Maxtor champions 6 stream DVRs

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.