Seeking Alpha

Seagate CEO leaving Microsoft board

  • 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.
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Comments (3)
  • anil92691
    , contributor
    Comments (502) | Send Message
     
    "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"

     

    Yahoo Finance Charts show the stock price of MSFT at over $50 around March 2000. This adjusted for splits. The last 2:1 split was when Microsoft's stock was around $85 in 1999.
    20 Mar 2014, 06:15 PM Reply Like
  • wil3714
    , contributor
    Comments (2139) | Send Message
     
    chart says different
    21 Mar 2014, 01:30 AM Reply Like
  • Transcripts&10-K's
    , contributor
    Comments (1100) | Send Message
     
    "Steve Ballmer remains a board member for now."

     

    Are you implying there's reason to believe he is leaving soon? Would you please site your source if that is the case? Thank you.
    21 Mar 2014, 07:30 AM Reply Like
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