Komag Successfully Concludes its CEO Search and Appoints Timothy Harris as Chief Executive Officer, Effective October 1, 2006
03 August 2006 - 11:05PM
PR Newswire (US)
SAN JOSE, Calif., Aug. 3 /PRNewswire-FirstCall/ -- Komag,
Incorporated (NASDAQ:KOMG), a leading independent supplier of
thin-film media for disk drives, announced today, that its Board of
Directors has completed its search for a new chief executive
officer to succeed T.H. Tan, who had previously announced his
intention to retire by the end of 2006. The Board has appointed
Timothy Harris, the Company's chief operating officer, as the new
chief executive officer effective October 1, 2006. Mr. Harris has
been the Company's chief operating officer since October of 2005
and has many years of executive leadership experience in the hard
disk drive industry. Additionally, Mr. Harris has been appointed as
a member of the Board of Directors effective October 1, 2006 to
serve as a Class III Director in place of Mr. Tan who will be
resigning as of such date. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO ) T.H. Tan,
Komag's retiring chief executive officer, said, "I am very pleased
that Tim has been appointed as the Company's new chief executive
officer. Since joining the Company, Tim has demonstrated his
in-depth experience in leading world-wide operations and provided
outstanding leadership during the Company's continuing expansion of
its manufacturing capacity. Tim also brings a significant industry
background, which includes experience leading Seagate's recording
heads operations on site in Malaysia for several years." "Tim's
operational experience and industry knowledge are tremendous
strengths and we are confident that Tim's leadership will further
Komag's on-going commitment to technological innovation and
manufacturing excellence," said Dr. Richard Kashnow, Chairman of
the Board of Directors of Komag. The Company had previously
announced in February 2006 that Mr. Tan planned to retire in late
2006. Mr. Tan intends to work closely with Mr. Harris, the
Company's management team and the Board of Directors to insure a
seamless transition. Prior to joining Komag, Mr. Harris, age 51,
served as chief operating officer of iolon, a leading supplier of
widely tunable lasers and other products for the telecom market.
Prior to joining iolon, he spent ten years at Seagate in various
senior management positions. Before joining Seagate, Mr. Harris
held manufacturing and management positions at Conner Peripherals,
Domain Technology and Memorex. Mr. Harris has an MBA degree from
Santa Clara University and a BA degree from University of
California, Santa Cruz. About Komag Founded in 1983, Komag is a
leading independent supplier of thin-film disks, the primary
high-capacity storage medium for digital data. Komag leverages the
combination of its world-class U.S. research and development center
and Malaysian manufacturing operations to produce disks that meet
the high-volume, stringent quality, low cost and demanding
technology needs of its customers. By enabling rapidly improving
storage density at ever-lower cost per gigabyte, Komag seeks to
create extraordinary value for consumers of computers, enterprise
storage systems and electronic appliances such as digital video
recorders, game boxes and consumer electronic storage systems. For
more information about Komag, visit Komag's Internet home page at
http://www.komag.com/ . The Investors section of the website
provides a variety of financial and investor information, including
an investor presentation. To request an investor packet, call
Komag's Investor Relations at 408-576-2901.
http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO
http://photoarchive.ap.org/ DATASOURCE: Komag, Incorporated
CONTACT: Investors Contact, Kathy Bayless, Chief Financial Officer
of Komag, Incorporated, +1-408-576-2000 Web site:
http://www.komag.com/
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