Western Digital Corp. today raised its guidance for the current quarter and initiated an executive change.
The Irvine-based storage products maker boosted its revenue target to $3.46 billion, up from a range of $3.35 billion to $3.45 billion, and its adjusted profit to $202.6 million, up from $183 million to $197 million.
The world’s largest disk drive maker also said Chief Strategy Officer Mark Long will replace Olivier Leonetti as chief financial officer.
Leonetti, who replaced Tim Leyden in the head finance role in September 2014, is leaving “to pursue other opportunities,” WD said.
Leonetti played a key role in the $17 billion takeover of Milpitas-based SanDisk Corp., which created the most diversified company in the storage market, with annual sales nearing $20 billion.
Western Digital is scheduled to report June quarter earnings that will include SanDisk business after the market closes on July 28.
