Komag Board Elects Chairman
SAN JOSE, Calif., Oct. 12 /PRNewswire/ -- Komag, Incorporated (Nasdaq: KMAG), the largest independent producer of media for disk drives, today announced that its newly constituted Board of Directors elected Chris A. Eyre as Chairman of the Board. He will work part time in a management partnership with T.H. Tan, the company's president and chief executive officer.
(Photo: newscom.com )
The meeting of the Board of Directors was the first meeting held following the recent merger of HMT Technology Corporation with Komag. The Board is comprised of Mr. Eyre, Mr. Tan, Irwin Federman, George Neil, Michael R. Splinter and Anthony Sun continuing from prior to the merger and Donald P. Beadle, Ronald L. Schauer and Harry G. Van Wickle from the former HMT Board.
According to Mr. Eyre, "There is an exploding, insatiable appetite for data storage and transmission. I strongly believe that disk drives are critical in this new economy and that Komag is the best-positioned disk supplier in the world. I am also excited about the prospect of deploying some of our valuable assets and human capital into new business opportunities that surround our core business."
"Chris will be a great complement to the rest of the management team," stated Mr. Tan. "He will help map strategic directions for the company with a focus on developing new opportunities for us to apply our high-volume, low- cost manufacturing expertise. He will also be active in communicating with the financial and investment community. We are fortunate to be able to utilize his experience and industry contacts on a more sustained basis than before."
Over a 24-year period Mr. Eyre has been involved in venture capital and private investing. He was a founding partner of Merrill Pickard Anderson & Eyre, an early entrant into the venture capital business and one of the most successful venture investors in Silicon Valley. Mr. Eyre has served as a director on boards of numerous private and public technology firms, including his role as a director of Komag since 1983. Prior to venture capital, he specialized in lending to small companies at Bank of America. Mr. Eyre holds an MBA degree from Harvard University and a BS degree from Utah State University.
Forward Looking Statements
The above information contains forward-looking statements including predictions about the market for data storage and Komag's role in that market. While these statements represent the company's current judgment, there can be no assurance about future uses of data storage, the growth of the market or Komag's ability to derive a profit from its position in the market. These and other risk factors are described in the most recent Form 10-K, most recent Form 10-Q and other periodic reports filed by Komag with the Securities and Exchange Commission.
About Komag:
Founded in 1983, Komag recently completed a merger with HMT Technology Corporation. The combined company is well positioned as the broad-based strategic supplier of choice for leading disk drive manufacturers. The company has produced over 465 million thin-film disks, the primary high-capacity storage medium for digital data in computers and consumer appliances. Komag's advanced development capability and high-volume, low-cost manufacturing expertise provide high quality, leading-edge disk products at a low overall cost to its customers. These attributes enable Komag to partner with customers in the execution of their time-to-market design and time-to-volume manufacturing strategies.
For more information about Komag, visit Komag's Internet home page at komag.com or call Komag's Investor Relations 24-hour Hot Line at 888-66-KOMAG or 408-576-2901.
SOURCE Komag, Incorporated
CO: Komag, Incorporated
ST: California
IN: CPR
SU: PER
10/12/2000 16:23 EDT prnewswire.com |
