Seagate’s Luczo Ranked among Top-Performing CEOs in America
August 18 2014 - 2:02PM
Business Wire
CNNMoney has placed Seagate (NASDAQ: STX) Chairman and CEO Steve
Luczo among its top-performing CEOs in America. Luczo was ranked
No. 5 on CNNMoney’s list of top U.S. CEOs based on the company’s
297 percent share price appreciation over the past three years.
That compares to just 61 percent for S&P 500 IT stocks
overall.
To determine the top CEOs in America, CNNMoney looked at total
returns for S&P 500 stocks from July 1, 2011 to June 30, 2014.
Companies that had a CEO change during that time frame were
excluded. Each S&P 500 stock was then ranked by its
sector-adjusted total return.
The news outlet noted Luczo’s recent diversification efforts to
move Seagate beyond its business of selling hard drives. It also
highlighted his leadership in the acquisition of Xyratex in an
effort to strengthen its enterprise data-storage portfolio.
Furthermore, in 2012 Seagate acquired storage product maker
LaCie, adding its line of premium branded consumer storage
solutions, network-attached storage solutions and software
offerings to Seagate’s array of mainstream consumer storage
products and thereby accelerating Seagate’s growth strategy in the
expanding consumer storage market.
More information about CNNMoney’s list can be found here.
CNNMoney isn’t the only publication to recognize Luczo’s
leadership during the past year. In April, Institutional Investor
magazine named him among its “2014 All-America Executive Team,” and
last October, Bloomberg ranked Luczo No. 1 in its list of “Tech’s
Top Turnaround Artists.”
About Seagate
Seagate is a worldwide leader in storage solutions. Learn more
at http://www.seagate.com. Follow Seagate on Twitter,
Facebook, YouTube, Instagram and subscribe to our blog.
©2014 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology and the Wave logo are trademarks or registered
trademarks of Seagate Technology LLC or its affiliates in the
United States and/or other countries. All other trademarks or
registered trademarks are the property of their respective
owners.
SeagateBrian Ziel, 408-658-1540brian.p.ziel@seagate.com
Seagate Technology (NASDAQ:STX)
Historical Stock Chart
From Apr 2024 to May 2024
Seagate Technology (NASDAQ:STX)
Historical Stock Chart
From May 2023 to May 2024