Microsoft has confirmed that Stephen Luczo is to step down from the company's board of directors after just two years in the role, as new broom Satya Nadella continues to sweep clean.
Better known for his role as chief executive officer of storage giant Seagate, a role he adopted back in 2009 and at which he famously predicted hybrid drives would easily dominate the market compared to dedicated solid-state drives (SSDs), Luczo was appointed to Microsoft's board of directors two years ago. During his time there, Luczo served as a member of the compensation committe and was part of the team which named Satya Nadella as the company's new CEO following Ballmer's exit from the role.
'Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee,' claimed John Thompson, chair of the Microsoft board, in a press release regarding Luczo's sudden departure. '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.'
'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 of his exit. '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.'
With Luczo's exit, Microsoft's board is down to ten: John Thompson; Steve Ballmer; Bill Gates; Satya Nadella; Dina Dublon; Maria Klawe; David Marquardt; G. Mason Morfit; Charles Noski; and Helmut Panke. There has not yet been an indication that Microsoft will seek a replacement board member following Luczo's departure.
Better known for his role as chief executive officer of storage giant Seagate, a role he adopted back in 2009 and at which he famously predicted hybrid drives would easily dominate the market compared to dedicated solid-state drives (SSDs), Luczo was appointed to Microsoft's board of directors two years ago. During his time there, Luczo served as a member of the compensation committe and was part of the team which named Satya Nadella as the company's new CEO following Ballmer's exit from the role.
'Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee,' claimed John Thompson, chair of the Microsoft board, in a press release regarding Luczo's sudden departure. '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.'
'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 of his exit. '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.'
With Luczo's exit, Microsoft's board is down to ten: John Thompson; Steve Ballmer; Bill Gates; Satya Nadella; Dina Dublon; Maria Klawe; David Marquardt; G. Mason Morfit; Charles Noski; and Helmut Panke. There has not yet been an indication that Microsoft will seek a replacement board member following Luczo's departure.
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