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Thread: Ryan Petersen steps down as CEO of OCZ.

  1. #1
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    Ryan Petersen steps down as CEO of OCZ.

    OCZ Technology Group (NASDAQ: OCZ), announced today that its Board of Directors has appointed Alex Mei, Executive Vice President and Chief Marketing Officer as Interim CEO, effective immediately. Mr. Mei's appointment follows the Board's acceptance of Ryan Petersen's resignation as President, CEO and a director of the Company.

    http://www.benzinga.com/news/12/09/2...ns-resignation

  2. #2
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    WOW! I wonder why Ryan is stepping down. A good summary of what he has done for the company.

    http://www.anandtech.com/show/5147/t...e-review-512gb

    I remember my first DIY build consisted of DFI UltraD with OCZ VX and ModStream 450w PSU. Its still chuggin on to this day for my little cousin.

  3. #3
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    lmfao.
    So how do you feel about him 'stepping down' Kain665?
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    i read this "Ryan took a big risk on Indilinx. They had a promising controller in 2009 and he bought up the bulk of what they could make in exchange for exclusivity rights"
    then i remembered the new Barefoot 3 controller and thought, maybe invested too highly in its r&d and now beat by a new competitor first?

    have to wait and see how that controller turns out i guess.
    ceo's are the fall guys for investors rights. when something goes wrong the step down right?
    Last edited by Greg83; 09-17-2012 at 02:07 PM.
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  5. #5
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    Quote Originally Posted by zads View Post
    lmfao.
    So how do you feel about him 'stepping down' Kain665?

  6. #6
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    Quote Originally Posted by Greg83 View Post
    i read this "Ryan took a big risk on Indilinx. They had a promising controller in 2009 and he bought up the bulk of what they could make in exchange for exclusivity rights"
    then i remembered the new Barefoot 3 controller and thought, maybe invested too highly in its r&d and now beat by a new competitor first?

    have to wait and see how that controller turns out i guess.
    ceo's are the fall guys for investors rights. when something goes wrong the step down right?
    Just like a head coach of a hockey team.
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    OCZ files for Q2 10-Q earnings filing delay,
    under investigation for misleading earnings guidance,
    OCZ stock drops 40% today.

    Looks like the house of cards that he built is finally crashing down.
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