Stephen Luczo, chairman and CEO of Seagate Technology PLC has stepped down from the Microsoft Board, the company announced Thursday.
“It has been a pleasure serving on the Microsoft board, and helping to guide the company through such a historic period of change and reinvention. 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. Seagate and Microsoft have a long history of working together, and I look forward to continued collaboration and partnership under Satya’s leadership,” Luczo said in a statement released from Microsoft.
Seagate, an American data storage company founded in 1979, offers the industry?s broadest portfolio of hard disc drives, solid state drives and solid state hybrid drives. The company also offers an extensive line of retail storage products for consumers and small businesses, along with data recovery services for any brand of hard drive and digital media type.
Moreover, with industry insights and perspective brought to the board, Bill Gates, founder and technology advisor of Microsoft gave this thanks to Luczo saying, “I want to thank him for his contributions to the board and to Microsoft during his tenure. I appreciate his service.”
Moreover, John W. Thompson, chairman of the Microsoft board said, ?Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee. He also played an important role in helping to craft a compensation plan that tightly links CEO pay to shareholder returns, as chair of the compensation committee.”
Luczo who joined Microsoft’s board in May 2012, served as a member of the CEO search committee to identify the successor to former CEO Steve Ballmer – Satya Nadella. Luczo’s departure comes just six (6) weeks after the appointment of Nadella. In addition, he also served on the compensation and audit committees of the board.
With Luczo?s exit, Microsoft?s board of directors is left with 10 members namely: Steven A. Ballmer, former Microsoft chief executive officer; Dina Dublon, former chief financial officer of JPMorgan Chase; William H. Gates, Microsoft founder and technology advisor; Maria M. Klawe, president of Harvey Mudd College; David F. Marquardt, general partner at August Capital; G. Mason Morfit, president of ValueAct Capital; Satya Nadella, Microsoft chief executive officer; Charles H. Noski, former vice chairman of Bank of America Corp.; Dr. Helmut Panke, former chairman of the board of management at BMW (Bayerische Motoren Werke) AG; and John W. Thompson, chief executive officer of Virtual Instruments.