SUNNYVALE, CA, March 24, 2000 - SanDisk Corporation (NASDAQ:SNDK) announced today that Leon Malmed, SanDisk's Senior Vice President of Sales and Marketing, will retire from the company on March 31, 2000.
Malmed, who joined SanDisk in 1992, worked in the storage industry for more than 30 years and previously was an executive with several storage companies including Maxtor Corp., Quantum Corp., and SyQuest Technology, Inc.
Eli Harari, SanDisk CEO and president, said, "Leon has been a key figure in making SanDisk a successful company. He joined the company in our early stage and directed our efforts in establishing key industry storage standards such as CompactFlash and the MultiMediaCard. Leon was largely responsible for generating worldwide demand for our products and demonstrated the leadership skills and efficient management style that propelled SanDisk to its present status as the world's largest supplier of flash data storage products. We shall miss Leon's experience, tenacity and good sense of humor. Leon built a terrific marketing and sales organization which is now managed by Nelson Chan, our senior vice president of worldwide marketing."
SanDisk Corporation manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA.
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release.