Seagate Technology Board of Directors Appoints Chairman Stephen J. Luczo as President & Chief Executive Officer
12 Gennaio 2009 - 12:21PM
PR Newswire (US)
SCOTTS VALLEY, Calif., Jan. 12 /PRNewswire-FirstCall/ -- Seagate
Technology (NASDAQ:STX) today announced that its Board of Directors
has unanimously appointed Stephen J. Luczo, the Company's Chairman,
as President and Chief Executive Officer, effective immediately.
Mr. Luczo will continue to serve as Chairman of the Board of
Directors. Mr. Luczo succeeds William D. Watkins as Chief Executive
Officer. Mr. Watkins will be advising Mr. Luczo in order to ensure
a smooth transition. In addition, Messrs. Luczo and Watkins will
confer over the next week to determine what role, if any, Mr.
Watkins will have at the Company going forward. "We are fortunate
to have a leader of Steve's vision and experience," said Lydia M.
Marshall, Lead Independent Director and Chair of the Nominating and
Corporate Governance Committee. "Steve's significant understanding
of Seagate's business and technology, and the customer and employee
relationships that he built over his 15 year career at Seagate make
Steve the ideal person to lead our Company at this time." Mr. Luczo
said, "Seagate is a strong company and we are making measurable
progress toward regaining our longstanding product leadership
position across all markets. I look forward to working closely with
Seagate's talented employees around the world to build upon our
success and accelerate the improvements we are making in our
business." On behalf of Seagate's Board of Directors, Mr. Luczo
added, "I want to take this opportunity to thank Bill Watkins for
his commitment to Seagate. Since first joining Seagate more than 12
years ago, Bill has made many significant contributions to our
Company through his dedication, knowledge and leadership." Mr.
Luczo has held various senior management positions at Seagate over
the last 15 years. He currently serves as the Company's Chairman of
the Board, a position he has held since June 2002. He served as
Chief Executive Officer of Seagate's predecessor, Seagate
Technology, Inc., from July 1998 until July 2004. During this time,
Mr. Luczo successfully led the Company's privatization in 2000 and
subsequent public offering in 2002, and Seagate announced some of
the most important new products in the Company's history. Mr. Luczo
joined Seagate in October 1993 as Senior Vice President of
Corporate Development and later served as President and Chief
Operating Officer from September 1997 until being appointed CEO. As
previously announced, the Company will report fiscal second quarter
financial results on Wednesday, January 21, 2009 after the close of
the market. The Company will host a conference call for the
investment community at 2:00 p.m. Pacific Time on January 21, 2009.
About Seagate Seagate is the worldwide leader in the design,
manufacture and marketing of hard disk drives and storage
solutions, providing products for a wide-range of applications,
including Enterprise, Desktop, Mobile Computing, Consumer
Electronics and Branded Solutions. Seagate's business model
leverages technology leadership and world-class manufacturing to
deliver industry-leading innovation and quality to its global
customers, with the goal of being the time-to-market leader in all
markets in which it participates. The company is committed to
providing award-winning products, customer support and reliability
to meet the world's growing demand for information storage. Seagate
can be found around the globe and at http://www.seagate.com/.
Seagate, Seagate Technology, and the Wave logo are trademarks or
registered trademarks of Seagate Technology LLC or its affiliates
in the United States and/or other countries. All other trademarks
or registered trademarks are the property of their respective
owners. DATASOURCE: Seagate Technology CONTACT: Media Relations,
Julie Still, +1-831-439-2276, , or Investor Relations, Rod Cooper,
+1-831-439-2371, , both of Seagate Technology Web Site:
http://www.seagate.com/
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