11.320.2004 - Maxtor Announces Resignation of President and Chief Executive Officer

MILPITAS, Calif., November 15, 2004 -- Maxtor Corporation (NYSE: MXO) today announced that Paul Tufano has left his positions as president, chief executive officer and acting chief financial officer, effective immediately. Mr. Tufano has also resigned from the board of directors. Dr. C. S. Park has been appointed chief executive officer, effective immediately. In addition, Charles M. Boesenberg, chief executive officer and chairman of the board of NetIQ Corporation and a member of the Maxtor board since 2003, has been appointed as its lead director. The company is continuing its search for a chief financial officer. - View Press Release - Visit Maxtor Corporation