Ryan Petersen Resigns as OCZ CEO, Alex Mei to Take Position as Interim CEO
September 17, 2012 6:36 PM
comment(s) - last by
Alex Mei has been with OCZ for 8 years
In some news that came right out left field today, we've learned that Ryan Petersen has resigned from his position as OCZ CEO effective immediately. Petersen didn't give much of a reason for his dramatic departure, but did offer this brief statement this afternoon, "I am very pleased to have transitioned the Company from a niche developer, manufacturer, and seller of high-performance DRAM memory modules to a global leader in solid-state storage solutions."
Indeed, OCZ has come a long way from its humble beginnings in the PC memory business. In January 2011, OCZ jettisoned its traditional PC memory business to fully embrace the industry's transition from hard drives to solid state drives (SSDs). "SSD revenue accounted for 78% of our revenue and just by itself exceeds our historical quarterly revenue totals across all categories, thus reinforcing our decision to discontinue our remaining DRAM products," said Petersen
during that transition period
With Petersen now on the way out the door, OCZ Chief Marketing Officer (CMO) Alex Mei will step in as interim CEO while the board searches for a permanent replacement. Mei will retain his positions as CMO and Executive Vice President.
Alex Mei has been with OCZ since 2004.
For his part, Mei added, "I'm honored that the Board has selected me to lead OCZ on an interim basis. We have dedicated and talented employees, extremely competitive technology, and product roadmaps that we believe will enable us to continue to provide industry-leading solid state storage solutions to our growing customer base."
As one of the longest tenured employees, I've been fortunate to have had a front-row seat to what OCZ's amazing employees are capable of achieving for nearly a decade. I'm confident that our team will continue to execute the core strategies we've previously communicated to investors."
OCZ stock has seen a 52-week high of $10.05 and
closed at $4.46 today.
It is down nearly 9 percent in after hours trading to $4.06.
This article is over a month old, voting and posting comments is disabled
Isn't his name...
9/18/2012 10:59:34 AM
"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs
OCZ to Quickly Exit DRAM Market, Focus on SSDs
January 10, 2011, 6:14 PM
"Prepare to be Punished": Microsoft is Killing OneDrive With Cuts, Blames Users
November 3, 2015, 8:23 PM
Apple's New "Magic" Peripheral Line Packs High Tech, High Prices
October 13, 2015, 9:39 PM
Samsung Adds 2 TB 850 EVO, PRO SSDs for $800, $1000
July 7, 2015, 4:23 PM
Seagate Senior Researcher: Heat Can Kill Data on Stored SSDs
May 13, 2015, 2:49 PM
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Most Popular Articles
DHS and TSA: Whoops, We Missed That 73 Airport Employees May be Terrorists
November 19, 2015, 2:16 PM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
Creationists are Mad About Google Doodle Depicting Evolution
November 24, 2015, 8:48 PM
Jumbo Joust: iPad Pro vs. Surface Pro 3 vs. Surface Pro 4
November 11, 2015, 1:00 AM
Glenn Beck's Attempt at Anti-Refugee Meme Proves He's Really, Really Dumb
November 18, 2015, 4:17 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information