Management ChangeMay 6, 2026, 08:52 AM
Seagate Lead Independent Director Michael Cannon to Retire
AI Summary
Seagate Technology Holdings plc announced that Michael R. Cannon, Lead Independent Director, will retire from the Board of Directors at the conclusion of his current term in October 2026. Mr. Cannon, who has served on the Board for 15 years, including five years as Lead Independent Director and five years as Board Chair, will not stand for re-election at the 2026 Annual General Meeting of Shareholders. His decision was not due to any disagreement with the company's operations, policies, or practices.
Key Highlights
- Michael R. Cannon, Lead Independent Director, will retire from Seagate's Board of Directors.
- Retirement is effective at the conclusion of his current term in October 2026.
- Cannon has served on the Board for 15 years since February 2011.
- He served five years as Lead Independent Director and five years as Board Chair.
- His decision not to stand for re-election was not due to any disagreement.
- Cannon has a 40-year history in the disk drive industry.
Price Impact
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