Menu
Seagate replaces Watkins with chairman Luczo

Seagate replaces Watkins with chairman Luczo

Seagate Technology is replacing CEO William Watkins with Chairman Stephen Luczo, giving day-to-day control of the disk-drive manufacturer back to Luczo more than four years after he relinquished the job to Watkins, the company said on Monday.

Watkins, who has been CEO of Seagate since 2004, will remain at the company to help with the transition and decide what role, if any, he will play at Seagate in the future, according to a news statement.

The move came as a surprise as Watkins made a series of public media appearances for Seagate at the Consumer Electronics Show in Las Vegas last week.

Luczo previously served as CEO from July 1998 until July 2004, during which time he oversaw the privatisation of the company in 2000 and its return to public trading in 2002. Luczo also has been chairman of the Seagate board since June 2002.

In a press statement, Lydia Marshall, lead independent director and chair of the nominating and corporate governance committee for Seagate, said the company welcomes the experience Luczo brings to the job.

"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," she said in a statement.

Luczo joined Seagate in October 1993 as senior vice president of corporate development and served as president and COO from September 1997 until his appointment as CEO.

Like many technology companies, Seagate is facing tough financial times as demand for its products is down due to reduced IT spending in the U.S. and abroad. Seagate had to lower its financial expectations for its fiscal second quarter, for which it will announce results on Jan. 21.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags seagateinternational news

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments