CUPERTINO, Calif.--(BUSINESS WIRE)--Seagate Technology (NASDAQ: STX), a world leader in storage solutions, today announced that David H. Morton, Jr., a long-time Seagate finance executive, has been promoted to executive vice president and chief financial officer. Patrick O’Malley, Seagate’s current chief financial officer, will remain with the company as executive vice president with responsibility for a broad range of strategic and operational issues. Both appointments are effective immediately and report to Seagate’s chairman and chief executive officer, Steve Luczo.
“Dave has been a meaningful contributor at Seagate for the last twenty years and has significant experience in supporting our business model and the financial governance of our operations,” said Steve Luczo, Seagate’s chairman and chief executive officer. “Most recently he has successfully managed the operational aspects of our finance organization, including leading our cash management and corporate finance activities. Dave’s background makes him well suited for Seagate’s evolving storage technology business and I look forward to his continued contributions and leadership.”
Morton most recently served as Seagate’s senior vice president, treasurer and principal accounting officer responsible for overseeing Seagate’s corporate finance, treasury and accounting activities. He joined Seagate in 1995 and over the last twenty years has held multiple leadership roles in both the US and Asia, each increasing in scope within the Company’s global finance organization including corporate financial planning, revenue consolidation, manufacturing, pricing, and sales operations.
“Pat has deep expertise in Seagate’s business and I am pleased that he will remain with the company in this strategic role,” continued Luczo. “As we continue to effectively leverage and invest in our storage technology portfolio to provide a broader solution set for customers, Pat’s industry knowledge and insights will help us to drive innovations and efficiencies across our business.”
O’Malley has worked at Seagate since 1988 and assumed the role of executive vice president and chief financial officer in 2008. In his previous role of senior vice president finance & treasurer, he was responsible for corporate accounting, reporting, treasury, credit & collections and risk management along with corporate financial planning & analysis and support for the business units, sales & other functions.
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