Seagate CEO, who helped pick Nadella, leaves Microsoft's board

Stephen Luczo's tenure on the board lasted less than two years, but he was involved in the historic search for Microsoft's new CEO

After a brief but influential stint, Stephen Luczo, chairman and CEO of Seagate Technology, is leaving Microsoft's board of directors.

Luczo, who joined the board less than two years ago in May 2012, was a member of its compensation committee and the search committee that picked Satya Nadella to replace Steve Ballmer as CEO of the company.

"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 in a statement Thursday.

The search for Ballmer's replacement was a highly publicized process that took almost six months, culminating with Nadella's appointment in February. Ballmer's decision to step down, announced in August, came as a surprise and set tongues wagging over what might have prompted it.

"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," Luczo said.

Board chairman John Thompson called Luczo an "excellent" board member who worked hard and made significant contributions in the CEO search and compensation committees, while Bill Gates, who now acts as a technology adviser to Microsoft, said he brought "thoughtful industry insights and perspective."

Last week, Microsoft appointed to its board Mason Morfit, the president of one of its biggest investors, ValueAct Capital, following an agreement between the companies in August.

That deal, signed about a week after Ballmer announced his intention to retire, gave Morfit the option to join the board in exchange for ValueAct's agreement not to wage a proxy battle against Microsoft.

Observers speculated at the time that Ballmer decided to retire to appease ValueAct and avoid a proxy fight, though Ballmer denied this. He said several times during the search for his replacement that he had become convinced Microsoft needed a new leader to get it where it needed to be more quickly.

With Luczo's resignation, Microsoft's board now has 10 members: Ballmer; Gates; Nadella; Morfit; Thompson, CEO of Virtual Instruments; Dina Dublon, former CFO of JPMorgan Chase; Maria M. Klawe, president of Harvey Mudd College; David F. Marquardt, general partner at August Capital; Charles H. Noski, former vice chairman of Bank of America; and Helmut Panke, former chairman of the board of management at BMW.

Juan Carlos Perez covers enterprise communication/collaboration suites, operating systems, browsers and general technology breaking news for The IDG News Service. Follow Juan on Twitter at @JuanCPerezIDG.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Seagate Technologybusiness issuespersonnelMicrosoftsoftwareInvestor relationsbusiness managementgovernance

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?