- Seagate (STX +2.8%) chairman/CEO Stephen Luczo, a member of Microsoft's (MSFT +2.7%) board since May 2012, has stepped down.
- Luczo: "With the CEO search completed and Satya off to a strong start, this felt like an appropriate time to make this change so I can turn my full attention to leading Seagate."
- His departure follows a February board shakeup that coincided with Satya Nadella's appointment as CEO. Bill Gates resigned as chairman (while remaining a director), lead independent director replaced him, and Nadella gained a board seat. Since then, ValueAct president Mason Morfit has officially joined.
- Steve Ballmer remains a board member for now. News of Luczo's resignation comes on a day when Microsoft closed above $40 for the first time since 2000.
From other sites
at CNBC.com (Jan 16, 2015)
Video at CNBC.com (Jan 16, 2015)
at CNBC.com (Jan 12, 2015)
at CNBC.com (Dec 2, 2014)
Video at CNBC.com (Dec 2, 2014)
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