Summary
Seagate Technology plc (STX) has filed an 8-K report on May 7, 2013, to announce a significant executive transition. Robert W. Whitmore, the Executive Vice President and Chief Technology Officer (CTO), has announced his intention to step down from his CTO role effective July 1, 2013. This transition is presented as a planned event, with Mr. Whitmore working to ensure a smooth handover of his responsibilities.
Key Highlights
- 1Robert W. Whitmore, Executive Vice President and Chief Technology Officer, to step down from his CTO role on July 1, 2013.
- 2William D. Mosley, Executive Vice President, Operations, will assume responsibility for Research and Development in addition to his current duties.
- 3Mr. Whitmore will remain with Seagate in a senior technical advisory capacity after July 1, 2013.
- 4The transition is framed as an effort to ensure a smooth handover of responsibilities.
- 5This filing is a Form 8-K, indicating a material event for the company.
- 6The report was filed on May 7, 2013, with the earliest event reported being May 6, 2013.
Frequently Asked Questions
This 8-K filing is primarily to announce the planned departure of Robert W. Whitmore from his role as Chief Technology Officer, effective July 1, 2013, and the subsequent reallocation of his responsibilities.
William D. Mosley, Executive Vice President of Operations, will assume responsibility for the functions previously overseen by the CTO, including Research and Development, in addition to his current operational duties.
No, Mr. Whitmore will remain with Seagate Technology plc in a senior technical advisory capacity after stepping down as CTO on July 1, 2013.
The filing suggests a planned transition. Mr. Whitmore announced his intention to step down, and he will be working with Mr. Mosley to ensure a smooth handover of responsibilities.