LOS ANGELES COUNTY
Tandon Corp. announced Tuesday that H.L. Sparks, the struggling company’s senior vice president of sales and marketing since last November, has resigned for personal reasons. No replacement was named.
Sparks, 53, came to Tandon from Compaq, where he directed the marketing of the company’s personal computers. Before then, Sparks handled similar duties at IBM, where he worked with current Tandon President Dan H. Wilkie.
Sparks was one of a group of mainly IBM executives that Tandon recruited over the last year to diversify into personal computer manufacturing. The company also makes disk drives.
Chatsworth-based Tandon indicated that when Sparks was hired, it agreed to pay him a $120,000 bonus, a $200,000 annual salary and performance incentives in the form of stock options worth at least $1.2 million within four years.