12-15-2009, SAN JOSE, California - Hitachi Global Storage Technologies (Hitachi GST) today announced the appointment of Stephen Milligan as president and chief executive officer, effective immediately. He will continue to be based at the company's San Jose, California headquarters.
Mr. Milligan joined Hitachi GST as chief financial officer in September 2007 and was appointed president earlier this year. He has led a senior management team responsible for making significant financial and operational improvements, including an expansion of the product portfolio to include personal storage and other high-growth offerings. He has been instrumental in positioning the company for sustained profitable growth and long-term industry leadership.
“Steve has played a leading role in the Hitachi GST business transformation and we are pleased to appoint him as CEO,” said Hiroaki Nakanishi, chairman, Hitachi Global Storage Technologies. “He will continue to drive operational excellence, while building long-term value for customers and shareholders. Steve has a depth and breadth of experience that will help ensure his continued success leading one of the storage industry’s most promising companies.”
Hiroaki Nakanishi will remain as chairman of Hitachi GST to further strengthen the Hitachi GST and Hitachi, Ltd. relationship. He continues to serve as a Hitachi, Ltd. executive vice president, responsible for Hitachi Group's global strategy.
Mr. Milligan, a 24-year veteran of the technology industry, brings a unique combination of experiences to his new position. Before joining Hitachi GST, he served as senior vice president and CFO for Western Digital where he played a key role in helping the company deliver consistent profitability, diversify its revenue base and achieve industry-leading cash and asset efficiencies. Previously, Mr. Milligan worked in financial leadership positions at Dell and Price Waterhouse.
About Hitachi Global Storage Technologies
Hitachi Global Storage Technologies (Hitachi GST) develops advanced hard disk drives, enterprise-class solid state drives, and innovative external storage solutions and services used to store, preserve and manage the world’s most valued data. Founded by the pioneers of hard drives, Hitachi GST provides high-value storage for a broad range of market segments, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Personal Storage. Hitachi GST was established in 2003 with its U.S. headquarters located in San Jose, California. For more information, please visit the company’s website at http://www.hitachigst.com.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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