OCZ founder and CEO Ryan Petersen has resigned from the company.
In the official press release, Petersen is thanked for his contributions to the DRAM and SSD industries by OCZ's Lead Director, Adam Epstein. Petersen doesn't give an explanation for his exit, but Bright Side of News suggests he was ousted by the board for OCZ's "recent missteps." A rumored acquisition by Seagate is said to have fallen through, and OCZ's financial performance has been less than stellar lately. Perhaps OCZ's numerous failed ventures factored into Petersen's exit, as well.
Petersen started OCZ a decade ago and has been CEO since day one. The company had humble beginnings catering to enthusiasts with fancy memory and has since become one of the biggest makers of solid-state drives, including those targeting enterprise customers. Along the way, OCZ has dabbled in graphics cards, coolers, peripherals, and even complete systems. None of those ventures stuck, and DRAM isn't even a part of the firm's current business, which consists of SSDs, PSUs, and the odd thumb drive. SSDs make up the overwhelming majority of the company's revenue now.
Executive Vice President Alex Mei has been named OCZ's interim CEO. He's been with the company since 2004, just two years after its inception.
|1. Hdfisise - $600||2. Ryszard - $503||3. Andrew Lauritzen - $502|
|4. the - $306||5. SomeOtherGeek - $300||6. Ryu Connor - $250|
|7. Anonymous Gerbil - $150||8. webkido13 - $135||9. cygnus1 - $126|
|10. danny e. - $125|
|Epson's EcoTank inkjet printers axe the ink cartridge||45|
|Xbox One gets UI overhaul, DVR features in November||33|
|ROG GX860 Buzzard mouse is ready to seize some prey||21|
|SanDisk and Toshiba unveil 256Gb 3D flash chips||8|
|Sound BlasterX G5 USB DAC provides better sound to go||56|
|OS X privilege escalation exploit makes for silent-killer malware||55|
|Reports: Win10 gaming performance similar to Win8.1||88|
|The International Dota 2 Championships puts $18 million up for grabs||16|
|EVE: Gunjack brings on-rails space shooting to Gear VR||4|