Seagate Leadership Shuffle

Seagate Technology (NYSE: STX) shuffles executive appointments without any real public comment about its leadership strategy. Seagate recently announced that its Chief Operating Officer, Dave Wickersham, has assumed the additional role of company President and will continue to report directly to Chief Executive Officer, Bill Watkins. Previously, Watkins who is also a Director on the company’s board held the position of president. Sounds like the power structure has not changed so why bother. Then again there is the subject of why the CEO is just a board member.