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Western Digital (WDC -1.3%) announces CEO John Coyne is retiring effective Jan. 2, 2013, and...

Western Digital (WDC -1.3%) announces CEO John Coyne is retiring effective Jan. 2, 2013, and will be replaced by President Steve Milligan. Coyne, a 29-year WDC vet, has been the hard drive maker's CEO since Jan. '07. JPMorgan's Mark Moskowitz praises Milligan as an worthy replacement, noting his role in turning around Hitachi's hard drive ops prior to their acquisition by WDC.
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