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

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?