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Seagate CEO Steve Luczo Named to Top 50 Businesspersons of the Year by Fortune Magazi

Discussion in 'News' started by btarunr, Nov 30, 2012.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

    Oct 9, 2007
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    Hyderabad, India
    Seagate Technology plc (NASDAQ: STX) today announced that Steve Luczo, president, CEO and chairman of Seagate has been named one of Fortune Magazine's top Businesspersons of the Year for 2012. This prestigious annual ranking honors the top performing leaders across multiple industries.

    Selections were made from a variety of factors, including financial results, stock performance and market value of the company, as well as strategic savvy, the ability to gracefully steer a very large organization, risk taking, and cultural significance.

    One of only a handful of Silicon Valley leaders on the list, Luczo was honored alongside luminaries such as Jeff Bezos of Amazon, Tim Cook of Apple, Larry Page of Google, Warren Buffett of Berkshire Hathaway, Oh-Hyun Kwon of Samsung, Larry Ellison of Oracle and Ginni Rometty of IBM. Of Luczo, Fortune said, "Luczo took over a company with declining market share, rising costs, and massive debt. Fast forward to 2012: Seagate has achieved record revenues and profits and has regained its position as the largest hard disk manufacturer in the world."

    "This is clearly a tremendous honor that also recognizes the thousands of employees at Seagate who have dedicated themselves to helping Seagate become one of the best technology companies in the world," said Steve Luczo. "This recognition reflects our commitment to deliver the best products and services in the storage industry."
  2. suraswami


    Apr 5, 2005
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    Even after thousands of HDDs failing more than competition then that is very good achievement!

    He probably should go to AMD to do the magic!
    Roph says thanks.
    10 Year Member at TPU
  3. AndreiD


    Jul 31, 2010
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  4. Roph


    Nov 1, 2008
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    I guess his business peers are impressed at the ridiculous price gouging / profiteering by the entire industry following the flood that only slowed WD.

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