financetom
Business
financetom
/
Business
/
Western Digital names heads for flash memory, HDD units after split
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Western Digital names heads for flash memory, HDD units after split
Mar 5, 2024 6:39 AM

March 5 (Reuters) - Western Digital ( WDC ) on Tuesday

named chief executives for its soon-to-be separated flash memory

and traditional hard-disk drive (HDD) businesses and said the

process was on track for completion in the second half of 2024.

Irving Tan, executive vice president of global operations,

will take the helm at the remaining standalone HDD company that

will operate as Western Digital ( WDC ), the company said.

Meanwhile, current company CEO David Goeckeler has been

named chief executive designate for the flash memory business.

Last year in October, the data storage products maker

announced a plan to spin off its memory business that would

create two publicly traded firms, after talks of merging the

unit with Japan's Kioxia stalled.

The planned split clears years of uncertainty over

Western Digital's ( WDC ) flash memory unit that was built through its

$19 billion purchase of SanDisk in 2016 and caters to the

smartphone and computer industries.

The move to split Western Digital ( WDC ), also proposed by New

York-based activist investor Elliott Investment Management, will

leave the company with its traditional HDD business.

In 2022, Elliott had pushed the company that makes hard

drives, USB drives and memory cards to conduct a strategic

review and split off its flash memory business.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Larry Ellison is back on top, 48 years after he co-founded Oracle
Larry Ellison is back on top, 48 years after he co-founded Oracle
Sep 12, 2025
SAN FRANCISCO (Reuters) -Fortune magazine wondered on its cover whether Oracle co-founder Larry Ellison might become the world's richest person, while BusinessWeek declared Ellison is cool again, noting that Silicon Valley's bad boy is having his revenge. Both were published 25 years ago, but they could've run this week. The octogenarian Ellison is back in headlines after Oracle announced a...
Singapore's Carro eyes M&A, Australia foray ahead of potential dual listing
Singapore's Carro eyes M&A, Australia foray ahead of potential dual listing
Sep 12, 2025
SINGAPORE (Reuters) -Carro, Southeast Asia's largest used-car online marketplace, is weighing a dual listing and plans to bulk up for it by expanding into Australia and pursuing two to three acquisitions as early as the next quarter, its CEO said. The company was eyeing a U.S. IPO at more than $3 billion valuation, Reuters reported in August, which would mark...
Australian critical minerals companies head for Washington
Australian critical minerals companies head for Washington
Sep 12, 2025
* Australia aims to be key supplier for Western allies' supply chain * Trip comes as US builds up domestic defence, battery industries * Delegation will not include Australia's trade or resources ministers MELBOURNE, Sept 12 (Reuters) - More than 20 Australian critical minerals companies including Trafigura unit Nyrstar will head to the U.S. next week to explore areas for...
PRESS DIGEST- New York Times business news - September 12
PRESS DIGEST- New York Times business news - September 12
Sep 12, 2025
Sept 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - David Ellison's Paramount plans to bid for Warner Bros. Discovery ( WBD ), aiming to merge their major studios and influential news networks like CBS News and CNN, potentially...
Copyright 2023-2026 - www.financetom.com All Rights Reserved