TSX higher on employment data
SINGAPORE - Data storage company Seagate Technology Holdings plc (NASDAQ:STX), currently valued at $35.17 billion and trading near its 52-week high after an impressive 92.59% gain year-to-date, appointed Thomas Szlosek to its Board of Directors, effective August 23, 2025, according to a company press release on Tuesday.
Szlosek will also serve on the Board’s Audit and Finance Committee. He currently serves as Executive Vice President and Chief Financial Officer of AutoNation, Inc., a position he has held since August 2023. According to InvestingPro analysis, Seagate maintains a "GREAT" financial health score, with particularly strong metrics in profitability and price momentum.
"I am excited to welcome Tom to Seagate’s Board of Directors," said Mike Cannon, Seagate’s Board Chair. "Tom’s deep financial expertise and broad operational experience across multiple Fortune 500 companies spanning a diverse set of industries make him a strong addition to our Board."
Szlosek brings over 30 years of global financial leadership experience across technology, manufacturing, consumer and service industries. Prior to joining AutoNation, he served as EVP and CFO at Avantor Inc., a provider of products for life sciences and advanced technology industries, and as Senior Vice President and CFO at Honeywell International.
His earlier career included various leadership positions at Honeywell, senior finance roles at General Electric, and audit work with Price Waterhouse Coopers. He is a Certified Public Accountant with a bachelor’s degree in Accounting from the State University of New York at Geneseo.
Szlosek currently serves on the board of RXO Inc., a provider of brokered transportation solutions, and previously served on the board of Janus International Group.
Seagate Technology, founded over 45 years ago, describes itself as a leading innovator of mass-capacity data storage solutions. The company has maintained dividend payments for 15 consecutive years, currently offering a 1.76% yield, and generates $9.1 billion in annual revenue. For deeper insights into Seagate’s financial performance and growth potential, InvestingPro subscribers can access comprehensive analysis and 11 additional exclusive ProTips.
In other recent news, Seagate Technology reported robust financial results for the June quarter, with revenue of $2.44 billion and earnings per share of $2.59, surpassing consensus estimates of $2.42 billion and $2.45, respectively. The company also provided guidance for the September quarter, projecting revenue of $2.5 billion and earnings per share of $2.30. Following these results, several firms have adjusted their price targets for Seagate. Benchmark raised its target to $165, citing strong Nearline drive shipments and gross margins. TD Cowen increased its target to $175, highlighting momentum in Heat-Assisted Magnetic Recording (HAMR) and improved cloud visibility. Rosenblatt set a new target of $200, noting margin expansion and a positive product mix. Additionally, Mizuho adjusted its target to $160, emphasizing strong cloud demand. Cantor Fitzgerald reiterated an Overweight rating, maintaining a price target of $175, acknowledging Seagate as a top performer in its coverage universe.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.