Seagate Technology Chairman and CEO Stephen Luczo is stepping down from Microsoft’s board.
Luczo, who joined Microsoft’s board of directors in May 2012, had served on the compensation and audit committees as well as the search committee looking for a successor to former CEO Steve Ballmer. The committee eventually selected new CEO Satya Nadella.
Luczo said in a news release from Microsoft:
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. 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.
Board chairman John Thompson said:
Steve has been an excellent board member, and I particularly appreciate all of his hard work as a member of the CEO search committee. 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.
There are now 10 members on Microsoft’s board. In addition to Thompson, Nadella, Ballmer and Microsoft co-founder and technology advisor Bill Gates, they are: Dina Dublon, former chief financial officer of JPMorgan Chase; Maria Klawe, president of Harvey Mudd College; David Marquardt, general partner at August Capital; G. Mason Morfit, president of ValueAct Capital; Charles Noski, former vice chairman of Bank of America Corp.; Helmut Panke, former chairman of the board of management at BMW (Bayerische Motoren Werke) AG.