Seagate Announces Leadership Transition: Dave Mosley to Serve as Board Chair, Michael R. Cannon as Lead Independent Director
Seagate Technology Holdings plc (NASDAQ: STX), a global leader in mass-capacity data storage solutions, has announced a significant leadership transition within its executive ranks. Chief Executive Officer Dave Mosley has been unanimously elected by the Board of Directors to assume the additional role of Board Chair, effective following the conclusion of Seagate’s 2025 Annual General Meeting of Shareholders, anticipated to take place in October 2025. Current Board Chair Michael R. Cannon will remain on the board and transition into the newly created position of Lead Independent Director.
This leadership evolution reflects Seagate’s commitment to aligning its governance structure with the company’s strategic priorities while ensuring continuity and stability during a period of unprecedented growth in the data storage industry. The decision underscores the Board’s confidence in Mosley’s vision and leadership capabilities as Seagate continues to navigate the opportunities and challenges of an era defined by exponential data generation and technological innovation.
A Legacy of Leadership: Dave Mosley’s Journey at Seagate
Since becoming CEO in 2017, Dave Mosley has played a pivotal role in driving Seagate’s operational excellence, advancing its cutting-edge technology roadmap, and positioning the company to capitalize on the burgeoning demand for data-driven solutions. Under his leadership, Seagate has consistently delivered strong financial performance while maintaining its reputation as a pioneer in mass-capacity storage technologies.
“Since becoming CEO in 2017, Dave has been instrumental in driving strong operational performance, advancing Seagate’s innovative technology roadmap, and positioning the company to capture the significant data-driven growth opportunities ahead,” said Mike Cannon. “His election as Board Chair reflects the Board’s confidence in his strategic vision and our trust in his leadership to guide Seagate through its next phase of profitable growth. I look forward to our continued collaboration to ensure Seagate’s sustained success.”
Mosley’s nearly 30-year tenure with Seagate has been marked by a diverse array of leadership roles spanning research and development, operations, sales, and marketing. This extensive experience has equipped him with a deep understanding of the company’s core strengths and a clear vision for its future. Since assuming the role of CEO in October 2017, Mosley has served as a director on the board, further solidifying his influence on the company’s strategic direction.
In accepting his expanded responsibilities, Mosley expressed gratitude for the opportunity to lead Seagate into its next chapter. “It has been a privilege to serve as Seagate’s CEO, and I am excited to take on the expanded role of Board Chair,” he said. “In this opportunity-rich era shaped by the explosive growth in data generation and data value, I remain committed to collaborating with our board and leadership team to continue driving storage technology innovation that creates long-term value for all of our stakeholders.”
He also acknowledged the critical role played by Cannon in shaping the company’s trajectory. “I would like to express my gratitude to Mike for his invaluable counsel and leadership, which have helped shape the company’s strategic direction, and I look forward to his ongoing contributions to the board in his role as Lead Independent Director.”
Michael R. Cannon: A Pillar of Governance and Guidance
Michael R. Cannon, who has served as a director since February 2011 and as Board Chair since July 2020, will transition into the newly established role of Lead Independent Director. In this capacity, Cannon will continue to provide strategic oversight and guidance, ensuring robust governance practices and fostering collaboration between the board and executive leadership.
Cannon’s tenure as Board Chair has been characterized by a steadfast commitment to enhancing shareholder value and supporting Seagate’s mission to deliver innovative storage solutions. His leadership has been instrumental in navigating the complexities of the rapidly evolving data storage landscape, and his contributions will remain vital as Seagate embarks on its next phase of growth.
The creation of the Lead Independent Director role underscores Seagate’s dedication to maintaining a strong governance framework while empowering its leadership team to execute on its strategic objectives. Cannon’s continued involvement ensures a seamless transition and reinforces the board’s alignment with the company’s long-term goals.
Charting the Course for Future Growth
As Seagate prepares for the leadership transition, the company remains focused on leveraging its expertise in mass-capacity storage to address the growing demands of the digital economy. The proliferation of artificial intelligence, cloud computing, and edge technologies has fueled an insatiable appetite for data storage solutions, creating significant opportunities for innovation and expansion.
Under Mosley’s leadership, Seagate has demonstrated its ability to adapt to shifting market dynamics while maintaining a relentless focus on delivering value to customers and shareholders. His appointment as Board Chair signals the company’s commitment to building on this foundation and driving sustainable growth in the years to come.
The leadership changes also reflect Seagate’s proactive approach to governance, ensuring that the company is well-positioned to navigate the challenges and opportunities of an increasingly data-centric world. By combining Mosley’s visionary leadership with Cannon’s seasoned oversight, Seagate is poised to maintain its position as a leader in the data storage industry.
A New Chapter for Seagate
The announcement of Dave Mosley’s elevation to Board Chair and Michael R. Cannon’s transition to Lead Independent Director marks a pivotal moment in Seagate’s history. As the company looks to the future, it does so with a leadership team that embodies a unique blend of innovation, experience, and strategic foresight.
In an era defined by the explosive growth of data and its transformative potential, Seagate’s leadership transition ensures that the company remains at the forefront of technological advancement. With a clear focus on driving innovation, enhancing governance, and creating long-term value, Seagate is well-equipped to thrive in the dynamic landscape of the data storage industry.
“This is an exciting time for Seagate, and I am confident that our leadership team is prepared to guide the company through its next phase of growth,” Cannon added. “Together, we will continue to build on our legacy of innovation and deliver exceptional results for our stakeholders.”
As Seagate embarks on this new chapter, the company’s commitment to excellence and its unwavering focus on meeting the evolving needs of its customers ensure that it will remain a trusted partner in the digital age.
About Seagate
Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four billion terabytes of data capacity and offers a full portfolio of storage devices, systems, and services from edge to cloud.
