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The latest update is out from Western Digital ( (WDC) ).
Western Digital Corporation announced the resignation and appointment of several board members and a change in Chief Executive Officer, effective upon the completion of its planned spin-off of the flash business. David V. Goeckeler will resign as CEO and from the board, with Irving Tan succeeding him as CEO. Tan, an experienced leader in global operations, will also join the board, along with Bruce Kiddoo and Roxanne Oulman. The restructuring aligns with Western Digital’s strategy to separate its flash business, anticipated to impact its market positioning and corporate governance.
More about Western Digital
Western Digital Corporation operates in the data storage industry, providing a range of products including hard drives, NAND flash memory, and solid-state drives. The company is focused on innovations in data infrastructure and storage solutions, catering to a global market with a wide array of applications from personal computing to enterprise-level data centers.
YTD Price Performance: 1.50%
Average Trading Volume: 5,431,936
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.73B
Learn more about WDC stock on TipRanks’ Stock Analysis page.
