Summary
Western Digital Corporation (WDC) has announced a significant leadership change via an 8-K filing on October 30, 2019. The current Chief Executive Officer, Stephen D. Milligan, has indicated his intention to retire. Mr. Milligan will continue in his CEO role until a successor is appointed, after which he will remain with the company in an advisory capacity until September 2020 to facilitate a smooth leadership transition. He will also continue to serve on the Board of Directors for a transitional period. This announcement is being made in conjunction with a press release filed as an exhibit to this report.
Key Highlights
- 1CEO Stephen D. Milligan intends to retire.
- 2Milligan will remain CEO until a successor is identified and appointed.
- 3He will serve in an advisory role until September 2020 to ensure a smooth transition.
- 4Milligan will also remain on the Board of Directors for a transition period.
- 5The Board of Directors has initiated a search for a new CEO.
- 6Mr. Milligan's retirement is not due to any disagreement with the company regarding its operations, policies, or practices.