Market Overview

Seagate Technology Announces CFO Resignation


Seagate Technology plc (NASDAQ:STX) today announced that David H.
Morton, Jr., executive vice president and chief financial officer at
Seagate, will leave the company for a senior finance executive role at
another company. Morton has agreed to assist in the orderly transition
of his CFO responsibilities and will leave the company on August 3,
2018. His departure is not based on any disagreement with the company's
accounting principles, practices or financial statement disclosures.

Dave Mosley, president and chief executive officer said, "On behalf of
the board of directors and executive team at Seagate, I would like to
thank Dave for his contributions over his 20+ year tenure at the
company. As chief financial officer, Dave championed company-wide
efforts to create shareholder value through optimizing our financial
model, strengthening the company's balance sheet and driving strategic
investments. We wish Dave the best in his future endeavors."

Dave Morton said, "It has been a tremendous career experience working at
Seagate and I am proud of the successful transitions we have
accomplished in the business over the last few years. Seagate is well
positioned with a strong operational and financial foundation to
continue to achieve its strategic goals and create shareholder value."

Seagate will be initiating a search for a successor CFO and has named
Kathryn R. Scolnick interim CFO. Kathryn has been a senior finance
executive at Seagate for six years leading the company's investor
relations and treasury operations.

About Seagate

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