Search

George L. Bragg is the new vice chairman of Western Digital Corp, maker of computer disk drives. Bragg's appointment is part of the formation of an office of the chairman and is seen as part of a restructuring of the company. The office of the chairman will consist of Bragg and the chairman of Western Digital, Roger Johnson. The two men worked together in a similar effort at Memorex Corp. Western Digital showed a net loss of $134.2 million for fiscal 1991 and an 8.1 percent drop in revenue from 1.07 billion to $986.2 million. The company blames the losses on a global decrease in demand for desktop computers, shipment delays of the new 2.5 inch disk drive and a sharp decline in prices for their products. It is negotiating with its banks to restructure a $206.5 million debt. Some analysts feel that Mr. Bragg may not be the kind of talent the company needs. His expertise is in accounting and the firm lacks a strong engineering department to develop new products.