Western Digital Says Tim Leyden To Retire As CFO - Quick Facts

(RTTNews) - Western Digital Corp. (WDC) announced that its chief financial officer or CFO, Tim Leyden is retiring after 24 years of distinguished service at the company and he is being succeeded by Olivier Leonetti who has served as vice president, finance at Amgen Inc. from 2011, after having previously spent 14 years in global finance leadership positions at Dell Inc.

The company stated that Leyden will remain with Western Digital through January 2015 in a transition role and advisory capacity to president and chief executive officer Steve Milligan and to Leonetti for an interim period to ensure a smooth transition. The changes are effective as of September 8, 2014.

Commenting on Leyden, the3 company said he first served Western Digital from 1983 to 2000, before rejoining the company in 2007 as executive vice president, finance. He subsequently served as executive vice president and CFO and as chief operating officer of Western Digital Corp. and president of the company's WD subsidiary, before reassuming the CFO role at Western Digital Corp. in November 2013.

Western Digital noted that Leonetti has managed the finance organization of Amgen's global commercial organization, which posted revenues of $19 billion in 2013, and he played a leadership role in defining and implementing the product development and commercial strategies of the Amgen organization worldwide. At Dell, he was vice president, finance of the worldwide consumer division and vice president, finance of the worldwide Dell.com business.