Western Digital CEO Milligan Announces Retirement, Stock Drops
This article is for subscribers only.
Western Digital Corp. Chief Executive Officer Steve Milligan, who led the company’s attempt to reshape the computer data-storage industry, has announced he will retire.
Milligan will continue in his post until the company finds a successor, Western Digital said Wednesday in a statement. He has been the San Jose, California-based company’s top executive since 2013. Western Digital’s stock dropped more than 10% in extended trading after the announcement.