Top Seagate Honchos Resign

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The world’s largest manufacturer of hard-disk drives took everyone by surprise on Monday when it announced that it had replaced two of its topmost executives , CEO William Watkins and COO Dave Wickersham.

Chairman Stephen Luczo, who was CEO prior to Watkins’ appointment to the post, is the new CEO. As for Wickersham’s replacement, Seagate’s executive vice president and CTO Robert Whitmore will be stepping into his shoes.

The bad news doesn’t stop there: the company has announced that it is going to relieve 800 of its US-based employees from their duties. Furthermore, the company had lowered its fourth-quarter guidance sometime back.

Image Credit: Seagate

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