Microsoft Board Member Steve Luczo Steps Down

Microsoft Corp. (MSFT) said Director Steve Luczo, who was a member of the search committee that led the effort to select Satya Nadella as chief executive officer, is stepping down from the board.

Luczo, 57, who joined Microsoft’s board in May 2012, yesterday said he was leaving to turn his attention to his full-time job as chairman and CEO of Seagate Technology Plc. The departure leaves Microsoft’s board at 10 members. The Redmond, Washington-based company didn’t say whether it would fill Luczo’s position.

Microsoft’s board has evolved in the past few months as part of a changing of the guard at the world’s largest software maker. Nadella’s appointment as CEO to replace Steve Ballmer was accompanied by Chairman and co-founder Bill Gates handing over the chairmanship to John Thompson. Nadella also joined the board. Earlier this month, activist investor Mason Morfit, president of ValueAct Holdings LP, also became a Microsoft director under the terms of a cooperation pact that was struck last year.

“It has been a pleasure serving on the Microsoft board, and helping to guide the company through such a historic period of change and reinvention,” Luczo said in a statement yesterday.

Microsoft’s CEO search, which lasted from August 2013 till last month, was difficult at times as candidates dropped out of the running or resisted board overtures. Among the executives who Microsoft considered for the job were Ford Motor Co. CEO Alan Mulally and Qualcomm Inc. CEO Steve Mollenkopf, as well as internal candidates.

“I particularly appreciate all of his hard work as a member of the CEO search committee,” Thompson said in a statement on Luczo’s departure. Luczo also served on the board’s compensation and audit committees.

Tony Imperati, a spokesman for Microsoft, declined to comment.

To contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.net

To contact the editors responsible for this story: Pui-Wing Tam at ptam13@bloomberg.net Reed Stevenson

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