|[August 18, 2014]
Seagate's Luczo Ranked among Top-Performing CEOs in America
CUPERTINO, Calif. --(Business Wire)--
CNNMoney has placed Seagate (News - Alert) (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 (News - Alert),
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 (News - Alert) ranked
Luczo No. 1 in its list of "Tech's
Top Turnaround Artists."
Seagate is a worldwide leader in storage solutions. Learn more at http://www.seagate.com.
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