Seagate Technology Holds Annual Shareholder Meeting, Announces Michael R. Cannon Appointed Lead Independent Director
October 24 2016 - 4:01PM
Business Wire
Seagate Technology plc (NASDAQ: STX), a world leader in storage
solutions, held its 2016 Annual General Meeting of Shareholders on
October 19, 2016. Shareholders elected all of the 10 Company’s
board nominees and approved the proposals brought forward in the
Company’s proxy statement filed September 9th, 2016. In addition,
Michael R. Cannon was appointed Lead Independent Director on the
Company’s Board of Directors. Mr. Cannon, who has served as a
director on Seagate’s board since 2011, replaces Dr. Chong Sup Park
who has served as Lead Independent Director on Seagate’s board
since 2011. Dr. Park has been a board member since 2006 and will
continue to serve as a Seagate board director, member of the
company’s Nominating and Corporate Governance Committee and has
been appointed chair of the Audit Committee, replacing Kristen M.
Onken who did not stand for board re-election.
“Dr. Park has contributed greatly in his role as Lead Director
and on behalf of the full board, we thank him for all his many
contributions over the last several years. I am pleased that he
will now be serving as chair of our Audit Committee in addition to
his other committee responsibilities,” said Steve Luczo, Seagate’s
chairman and chief executive officer.
“Over the last five years, Mike Cannon’s counsel and partnership
have been instrumental in helping guide our company. He has
tremendous industry expertise, leadership experience and a deeply
informed view of rapidly evolving market trends that most influence
our customers’ actions and decisions,” Mr. Luczo added. “On behalf
of the full board, we are pleased to have Mike serving as our Lead
Independent Director and look forward to his continuing
contributions to Seagate.”
Mr. Cannon retired in 2009 after a 35 year career in the
technology industry. Previously, he served as president, global
operations at Dell, chief executive officer of Solectron Corp, an
electronic manufacturing services company, and as the chief
executive officer of Maxtor Corporation, a disk drive and storage
systems manufacturer. Prior to joining Maxtor, Mike held senior
management positions at IBM.
Mr. Cannon has served on the Board of Directors of Lam Research
Corporation since February 2011, serving on the Nominating and
Governance and Audit Committees. He was appointed to the Board of
Directors of Dialog Semiconductor plc in February 2013 and serves
as chair of the Compensation Committee and is also a member of the
Nominating and Governance Committee. Within the past five years,
Mr. Cannon was a member of the Board of Directors of Adobe Systems,
retiring from the board after 13 years of service.
About Seagate
Seagate creates space for the human experience by innovating how
data is stored, shared and used. Learn more at www.seagate.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161024006398/en/
Seagate Technology plcEric DeRitis,
408-658-1561eric.deritis@seagate.com
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