August 25, 2014
To: WD and HGST employees
Subject: Executive Leadership Announcement
Steve Milligan
President and CEO, Western Digital
Today we announced that Tim Leyden will retire as Chief Financial Officer (CFO) of Western Digital Corporation after a distinguished 24-year career with the company. Tim will be succeeded by Olivier Leonetti who comes to us from Amgen, a global pharmaceutical company, having previously spent 14 years at Dell Inc. To ensure a smooth transition, Tim has agreed to work in an advisory capacity through the end of the 2nd fiscal quarter, which ends on January 2nd.
Tim has provided more than two decades of dedicated service and leadership to Western Digital. Most recently as CFO, Tim has been instrumental in helping the company deliver outstanding operational excellence and financial performance. His insight, integrity, passion and dedication to the company's success are greatly appreciated and will be missed.
Throughout his distinguished career with Western Digital, beginning in 1983 as Financial Controller of Western Digital Ireland, Tim has greatly influenced organizational strategy, business transitions, operational execution, company values, and people development. In all of his roles, he has helped make a great company even stronger and more broad-based. Some of Tim’s career highlights include:
• Being the first foreign employee hired into the USA by Western Digital
• Serving as a key member of the negotiation and integration teams that brought Western Digital into the HDD business
• Leading the negotiation of the sale of the company's signature semiconductor wafer fabrication plant, which made data separator, controller, logic, communications and video devices, to Motorola
• Conducting the orderly exit from the printed circuit board manufacturing business
• Helping to navigate WD’s safe passage through the 2008 “Great Recession,” and the floods in Thailand
• Serving as president of the WD subsidiary and CFO, Western Digital Corporation
Upon his retirement, Tim intends to spend more time with his family both back in Ireland and here in the U.S., and he has promised his wife Margaret that he will work on improving his golf game.
On a personal note, I want to sincerely thank Tim for helping to make Western Digital what it is today. I sincerely appreciate the wisdom, patience, and guidance he has provided to me over the last few years. I could not have asked for a better business partner.
Please join me in welcoming Olivier to Western Digital. Olivier has most recently been vice president, finance at Amgen. He previously served as vice president, finance for Dell’s worldwide consumer division and vice president, finance of the worldwide Dell.com business. Olivier’s prior experience also includes global finance leadership positions at Lex Rac Service PLC, Braun UK Ltd, and Gillette Industries Limited. He will be a valuable addition to our executive leadership team. Olivier, Anne and their three children reside in Southern California.
Thank you for your ongoing support.
Best Regards,
Steve
August 25, 2014
To: WD and HGST employees
Subject: Executive Leadership Announcement
Steve Milligan
President and CEO, Western Digital
Today we announced that Tim Leyden will retire as Chief Financial Officer (CFO) of Western Digital Corporation after a distinguished 24-year career with the company. Tim will be succeeded by Olivier Leonetti who comes to us from Amgen, a global pharmaceutical company, having previously spent 14 years at Dell Inc. To ensure a smooth transition, Tim has agreed to work in an advisory capacity through the end of the 2nd fiscal quarter, which ends on January 2nd.
Tim has provided more than two decades of dedicated service and leadership to Western Digital. Most recently as CFO, Tim has been instrumental in helping the company deliver outstanding operational excellence and financial performance. His insight, integrity, passion and dedication to the company's success are greatly appreciated and will be missed.
Throughout his distinguished career with Western Digital, beginning in 1983 as Financial Controller of Western Digital Ireland, Tim has greatly influenced organizational strategy, business transitions, operational execution, company values, and people development. In all of his roles, he has helped make a great company even stronger and more broad-based. Some of Tim’s career highlights include:
• Being the first foreign employee hired into the USA by Western Digital
• Serving as a key member of the negotiation and integration teams that brought Western Digital into the HDD business
• Leading the negotiation of the sale of the company's signature semiconductor wafer fabrication plant, which made data separator, controller, logic, communications and video devices, to Motorola
• Conducting the orderly exit from the printed circuit board manufacturing business
• Helping to navigate WD’s safe passage through the 2008 “Great Recession,” and the floods in Thailand
• Serving as president of the WD subsidiary and CFO, Western Digital Corporation
Upon his retirement, Tim intends to spend more time with his family both back in Ireland and here in the U.S., and he has promised his wife Margaret that he will work on improving his golf game.
On a personal note, I want to sincerely thank Tim for helping to make Western Digital what it is today. I sincerely appreciate the wisdom, patience, and guidance he has provided to me over the last few years. I could not have asked for a better business partner.
Please join me in welcoming Olivier to Western Digital. Olivier has most recently been vice president, finance at Amgen. He previously served as vice president, finance for Dell’s worldwide consumer division and vice president, finance of the worldwide Dell.com business. Olivier’s prior experience also includes global finance leadership positions at Lex Rac Service PLC, Braun UK Ltd, and Gillette Industries Limited. He will be a valuable addition to our executive leadership team. Olivier, Anne and their three children reside in Southern California.
Thank you for your ongoing support.
Best Regards,
Steve
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