History (1994): Maxtor President and CEO Larry Hootnick Resigns
"I simply want to be able to spend less time on the road than would be required."
By Jean Jacques Maleval | January 4, 2021 at 2:10 pm
President and CEO Laurence R. Hootnick will resign from those positions at Maxtor Corp. (San Jose, CA), and as the director, effective upon the completion of the company’s annual meeting, August 18.
The board has asked COO J. Larry Smart and other members of management to assume additional responsiilities in the interim.
“At this point in my career, I simply want to be able to spend less time on the road than would be required. I decided this would therefore be an appropriate time to step aside as CEO,” Hootnick said.
This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue 78, published on July 1994.
Note: As a SVP of Intel, his responsibilities included finance and administration and WW sales and marketing; also, former president of Intel’s embedded control and memory group. Co-founder of Acuity Ventures. Currently a registered Republican, he is 78-year old.
Subscribe to our free daily newsletter
