History (1995): Hyundai Man Dr. C.S. Park at Head of Maxtor

In an attempt to pull Maxtor (San Jose, CA) up from its quickly spiraling losses, Korean company, Hyundai, 40% shareholder of the Californian HDD manufacturer, has replaced its president and CEO.

Dr. C.S. Park, 47, previously corporate executive VP of Hyundai Electronics, will take over from J. Larry Smart, “who has resigned to pursue other interests,” according to a Maxtor press release.

This article is an abstract of news published on the former paper version of Computer Data Storage Newsletter on issue 86, published on March 1995.