Stephen J. Luczo will step down from the board of directors of Seagate Technology Holdings Plc on October 20, 2021. He has been CEO of Seagate since 1998 and a member of the board since that year.

 Seagate Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, today announced the retirement of Stephen J. Luczo from the company’s Board of Directors effective October 20, 2021. He served as the company's Board Chair from 2002 to 2020 and has served on Seagate’s board since 1998.

"It's been an honor and a complete pleasure to be deeply involved with Seagate for the last 28 years,"

said Steve Luczo.

"I thank all of the Seagate employees, board members, as well as our customers and suppliers for your amazing support and friendship over the years."

Mr. Luczo joined Seagate Technology in October 1993 as Senior Vice President of Corporate Development. In September 1997, he was promoted to the position of President and COO and became CEO and a member of the board of directors in July 1998. After resigning as CEO in July 2004, Mr. Luczo remained on as Chair of the board of directors. He was later again appointed as Seagate’s President and CEO in 2009, serving in the role until 2017.

"On behalf of the board of directors, I would like to extend our deepest gratitude to Steve for his many contributions to Seagate over his years as CEO and chairman of the board,"

said Mike Cannon, board chair since July 2020.

"Steve's steadfast commitment in maintaining strong investments in technological advancements is a primary reason Seagate is the industry leader today, as well as being very well positioned to meet the future storage needs of the rapidly growing data economy."

Seagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity.

Source: Seagate news