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Srinivasan Sivaram President, Western Digital

EVP and CTO Martin Fink to retire

In a SEC filing, Western Digital Corporation, wrote on August 7, 2019:

FinkMartin R. Fink, EVP and CTO of Western Digital Corporation, will be transitioning to retirement and moving to an advisory role with the company in September 2019.

 

 

SivaramOn August 7, 2019, the company appointed Dr. Srinivasan Sivaram, the company’s EVP, silicon technology and manufacturing, to the newly-created role of president, technology and strategy, effective immediately. In this expanded strategic role, he will oversee the company’s technology initiatives and corporate strategy.

 

In connection with his appointment as president, his annual base salary was increased from $625,000 to $700,000, effective July 29, 2019.

ZamiskaThe company appointed Gene M. Zamiska, 57, to the position of VP, global accounting and chief accounting officer, effective August 30, 2019. In this position, he will serve as principal accounting officer.

 

 

Zamiska served as SVP, finance, and chief accounting officer of Electronics for Imaging, a digital printing technology company, from March 2018 to August 2019. Prior to that, he served as SVP, finance, corporate controller and chief accountant of Verifone, an electronic payment transactions company, from October 2015 to February 2018. Prior to that, he served as finance consultant and interim corporate controller of Pulse Secure, a network security company, from November 2014 to September 2015. Previously, he served with Juniper Networks, a networking technology company, from December 2007 to November 2014 as VP, corporate finance and as VP, finance, corporate controller and principal accounting officer. He also served with Hewlett-Packard company from 1989 to 2007 in various finance roles, after beginning his career as an auditor at Arthur Anderson from 1983 to 1989. he holds a Bachelor of Science in Accounting from University of Illinois, Champaign-Urbana.

In connection with his appointment Zamiska will receive an annual base salary of $360,000 and a target annual bonus opportunity under the company’s short-term incentive plan of 65% of annual base salary. He will also receive a signing bonus of $100,000, payable within four weeks of August 12, 2019, subject to a one-year clawback period. In addition, on August 12, 2019, he will receive a restricted stock unit award with a grant date fair value of $840,000 (with the number of units subject to the award to be determined based on the closing stock price of the company’s common stock as of the grant date), granted under the company’s 2017 performance incentive plan. The restricted stock unit award will vest, subject to hiss continued employment, in substantially equal annual installments on each of the next four anniversaries of the grant date.

There are no arrangements or understandings between Zamiska and any other person pursuant to which he was appointed. There are no family relationships between him and any director or executive officer of the company, and he has no direct or indirect material interest in any related party transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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