Seagate CEO Stephen J. Luczo Resigns From Microsoft’s Board

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Microsoft announced today that Stephen J. Luczo, chairman and CEO of Seagate Technology PLC, has stepped down from the company’s board of directors.

“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,” Luczo said. “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.”

“Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee,” said John W. Thompson, chairman of the Microsoft board. “Steve 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.”

“Steve brought thoughtful industry insights and perspective to the board, ” said Bill Gates, founder and technology advisor of Microsoft. “I want to thank him for his contributions to the board and to Microsoft during his tenure. I appreciate his service.”

Luczo joined Microsoft’s board in May 2012. He served as a member of the CEO search committee established in August 2013 to identify the successor to former CEO Steve Ballmer. Luczo also served on the compensation and audit committees of the board.

Microsoft’s board of directors now consists of 10 members: 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. Seven of the 10 board members are independent of Microsoft.

No word on a replacement at this time.  Luczo is an interesting character and is often very lively in interviews.

Source: WSJ



About Author

Suril is a scientist, journalist and obsessive Microsoft observer. He holds an advanced degree in Biotechnology with minors in Biochemistry, Microbiology, and Molecular Biology. Send him tips on twitter: http://www.twitter.com/surilamin

  • redtidal

    Needs more women on the board. Microsoft can really lead in the front on this one. Maybe have Sheryl Sandberg join?

    • Guest

      Sheryl Sandberg, LOL that is a good one!

      • http://twitter.com/surilamin surilamin

        She’ll probably send out a memo telling MS employees the word #Bossy is banned! lol

      • redtidal

        I know, i threw in her name just for laughs.

        “the ban bossy” campaign really came out nowhere and had me re-accessing her.

  • wp77

    Man MS is on fire! Pretty exciting to see them getting rid of dead wood, freeing up OneNote, XBOne, etc. Hopefully the big ship is turning.

  • Rico Alexander

    Damn! Who are those women?

    • MSFTmanJosh

      What does that have to do with anything?

      • Rico Alexander

        Sorry that you not interested in hot women. I am.

        • http://twitter.com/surilamin surilamin

          That would be Stephen’s wife Agatha Relota a fashion model in Croatia.

          • Rico Alexander

            Thank you, sir!

        • MSFTmanJosh

          Oh, sorry. I read your comment in a different tone. I thought you were degrading the women. I apologize.

          • Rico Alexander

            No worries! Thanks.

  • #TeamCortana

    Spelling, Suril, learn it.