Maxtor loses another CFO
Published: 15 Oct 2004 09:40 BST
Disk drive maker Maxtor on Thursday said its chief financial officer has resigned, the second time this year the company has seen its CFO depart. Maxtor said Michael Bless, who became CFO on 23 August, quit "for personal reasons". In March, Robert Edwards left the same post to become chief financial officer of the American supermarket chain Safeway (which bears no relation to its English namesake). Edwards was named Maxtor CFO in July 2003. The company on Thursday named Maxtor Chief Executive Paul Tufano as acting CFO and said it has launched a search for a permanent replacement.
Disk drive companies have weathered tough times this year. Maxtor cut about 450 jobs, roughly 3 percent of its work force. It also posted a net loss of $26.1m for the quarter that ended on 26 June. On 20 October, the company plans to release financial results for the quarter that ended on 25 September.
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