Summary
Western Digital Corporation (WDC) has filed an 8-K report on August 28, 2007, detailing a significant executive transition in its finance department. Timothy M. Leyden has been appointed as the new Executive Vice President and Chief Financial Officer (CFO), effective September 1, 2007. This appointment follows the departure of the current CFO, Stephen D. Milligan, who will leave the company on August 31, 2007. In conjunction with his new role, Mr. Leyden's annual base salary has been increased to $450,000 from $409,000, effective September 1, 2007. This executive change at the CFO level is a key event for investors, as it signals a shift in financial leadership and may warrant attention regarding the company's financial strategy and stability moving forward. Investors should monitor any further announcements or reporting from Mr. Leyden in his new capacity.
Key Highlights
- 1Timothy M. Leyden appointed as new Executive Vice President and Chief Financial Officer (CFO), effective September 1, 2007.
- 2Current CFO, Stephen D. Milligan, will depart Western Digital on August 31, 2007.
- 3Mr. Leyden's annual base salary increased to $450,000 from $409,000, effective September 1, 2007.
- 4The Compensation Committee of the Board of Directors approved the salary increase.
- 5This filing is a Current Report (8-K) filed on August 28, 2007.
- 6The earliest event reported is dated August 22, 2007.