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SAN JOSE, Calif .– (BUSINESS WIRE) – Western Digital Corp. (NASDAQ: WDC) announced today that Mark Long,
Chief Financial Officer, Chief Strategy Officer and President, Western
Digital Capital, has decided to withdraw from its current role in favor of
look for opportunities as a private equity investor. Western Digital has
started a complete search for a successor. To ensure softness
leadership transition, Long will remain an active member of the
the management team of the company until 1 June 2019. Long will remain the main
responsible until his departure or until a permanent successor is appointed.
appointed.
Mr. Long has been Chief Financial Officer at Western Digital since 2016.
Previously, he was executive vice president of the company and
Director of Strategy since February 2013. In addition, Long has
was president of Western Digital Capital, a strategic investment
funds targeting innovative companies within the data infrastructure and
broader technology sector aligned with Western Digital's strategic plan,
since February 2013.
"On behalf of Western Digital's Board of Directors and Leadership
the team, I want to thank Mark for his valuable partnership and great
contributions to society over the years, "said Steve Milligan,
Managing Director of Western Digital. "Mark has been instrumental in
develop and oversee the company's growth strategy, including our
Successful acquisitions and integrations of Hitachi Global Storage
Technologies and SanDisk. He helped create the Western Foundation
Digital's leadership in today's data-driven world, and we are now well
positioned to capitalize on the long-term opportunities associated with
rapid growth in data volume and value. We wish Mark the best in
future projects and looks forward to discussing
long-term vision and strategy on December 4, 2018 at our 2018 Investor Day. "
"It's a privilege to serve Western Digital in a variety of
financial and strategic leadership roles, and I'm proud of what we have
accomplished, "said Long. "We built a complete and flexible system
platform for long-term growth and value creation, and I want to thank my
very talented colleagues for their support. I am fully committed to
ensuring a smooth transition, and delighted to watch Western Digital
take advantage of this momentum and drive the next phase of growth. "
About Western Digital
Western Digital creates environments that enable data to thrive. The company is
drive the innovation needed to help customers capture, conserve,
access and transform an ever-increasing diversity of data. All over
data life, from advanced data centers to mobile sensors to personal sensors.
devices, our market-leading solutions offer the possibilities of
The data. Western Digital® data-centric solutions are commercialized
under G-Technology ™, HGST, SanDisk®, Tegile ™, Upthere ™,
and WD® brands.
Forward-looking statements
This press release contains forward-looking statements that involve
risks and uncertainties, including, but not limited to, statements
regarding the company's transition plan for the chief financial officer
position and positioning of the company to capitalize on the opportunities
associated with the volume and value of the data. Forward-looking statements
should not be read as a guarantee of performance or future results, and
will not necessarily be accurate indications of the hours of, or by,
where such performance or results will be achieved, if at all.
Forward-looking statements are subject to risks and uncertainties that
result in material differences between the actual results and those expressed or
implied in the forward-looking statements. Main risks and uncertainties
include: the volatility of the global economic environment; business conditions
and the growth of the storage ecosystem; impact of competing products and
the pricing structure; the acceptance of the market and the cost of raw materials and
specialized product components; competitor actions; unexpected
progress of competing technologies; the development and introduction of
products based on new technologies and expansion in the new data storage
markets; risks associated with acquisitions, mergers and joint ventures;
difficulties or delays in manufacturing; and other risks and
uncertainties listed in the company's filings with the Securities and Exchange Commission
Exchange Commission (the "SEC"), including Form 10-Q of the registered firm
with SEC on November 6, 2018, to which your attention is directed. You
should not place undue reliance on these forward-looking statements,
which are valid only as of the date hereof, and the company does not undertake any
obligation to update these forward-looking statements to reflect
subsequent events or circumstances.
Western Digital, the Western Digital logo, G-Technology, HGST, SanDisk,
Tegile, Upthere and WD are registered trademarks or trademarks of
Western Digital Corporation or its subsidiaries in the United States and / or other
countries.
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