David H. Morton Jr. EVP and CFO, Seagate

Seagate Technology plc announced that David H. Morton, Jr., a long-time Seagate finance executive, has been promoted to EVP and CFO.

Patrick O’Malley, Seagate’s current CFO, will remain with the company as EVP with responsibility for a range of strategic and operational issues.

Both appointments are effective immediately and report to Seagate’s chairman and CEO, Steve Luczo.

“Dave has been a meaningful contributor at Seagate for the last twenty years and has significant experience in supporting our business model and the financial governance of our operations,” said Luczo. “Most recently he has successfully managed the operational aspects of our finance organization, including leading our cash management and corporate finance activities. Dave’s background makes him well suited for Seagate’s evolving storage technology business and I look forward to his continued contributions and leadership.“

Morton most recently served as Seagate’s SVP, treasurer and principal accounting officer responsible for overseeing Seagate’s corporate finance, treasury and accounting activities. He joined Seagate in 1995 and over the last twenty years has held multiple leadership roles in both the US and Asia, each increasing in scope within the company’s global finance organization including corporate financial planning, revenue consolidation, manufacturing, pricing, and sales operations.

“Pat has deep expertise in Seagate’s business and I am pleased that he will remain with the company in this strategic role,” continued Luczo. “As we continue to effectively leverage and invest in our storage technology portfolio to provide a broader solution set for customers, Pat’s industry knowledge and insights will help us to drive innovations and efficiencies across our business.”

O’Malley has worked at Seagate since 1988 and assumed the role of EVP and CFO in 2008. In his previous role of SVP finance and treasurer, he was responsible for corporate accounting, reporting, treasury, credit & collections and risk management along with corporate financial planning and analysis and support for the business units, sales and other functions.