Seagate CEO Appointed to Microsoft's Board
Microsoft on Thursday added to its board of directors, appointing Seagate President and CEO Stephen J. Luczo as a member.
The addition of Luczo increases the board's size to 11 members. The board currently includes executives such as Microsoft Chairman Bill Gates, Netflix CEO Reed Hastings and, most recently, former Symantec CEO and current Virtual Instruments CEO John Thompson, among others.
Luczo highlighted Microsoft's roles in cloud and mobile technologies in joining the board.
"I'm looking forward to joining the Microsoft board at such an important time for the company and for our entire industry," Luczo said in a prepared statement. "Unprecedented transformations in consumer and commercial architectures and applications are occurring based on cloud computing and mobility, and Microsoft is at the center of much of the core technology driving these trends."
Microsoft CEO Steve Ballmer added, "As the leader of a global company with more than 50,000 employees, with deep insights into storage, hardware, data management, and finance, [Luczo] will bring a wealth of experience to our board."
Luczo will be a member of the board's Audit Committee, Microsoft said.
Luczo joined Cupertino, Calif.-based Seagate, a major manufacturer of hard drives and storage solutions, in 1993. In 1998 he was named CEO, a position he held for six years until he stepped down in 2004. Luczo rejoined Seagate in 2009 as its current president and CEO.
In December 2011, the Luczo-helmed Seagate closed a $1.4 billion acquisition of Samsung's hard disk drive business.
From 1992 to 1993, Luczo worked at the now-defunct investment firm Bear Stearns as a senior executive in the global technology group.