Friday, January 16, 2009

Seagate hire the ex-chief Stephen Luczo back on the CEO's chair

In a surprise announcement set the previous Seagate CEO William Watkins and COO David Wickersham from. At the same time, the plan was confirmed, ten per cent of posts in the company to be deleted.

Even in the IT industry finely made, whether the crisis in the respective company or had already arrived yet. With the new restructuring measures at the Hard-leader would be history, because if the disk manufacturers are suffering, it feels the whole IT industry.

A decline in sales had already indicated last year, as Seagate and competitor Western Digital significant price drops in the stock markets suffered. Western Digital schnitt but in comparison, and is better for the share price and market capitalization is now before Seagate.

The staff at the head of detachment were also surprising inasmuch as the present ex-CEO Watkins, as the Wall Street Journal reported, yet last week at the American computer trade show CES (Consumer Electronics Show) represented his company. A company spokesman said succinctly, that the Supervisory Board (Board) "took the view, Steve Luczo, at this stage is the right man for the company forward." Luczo will remain chairman of the board, suggesting that it is the CEO post on a temporary basis could take over.

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