May 24, 2000

Seagate Announces Executive Management Team Transition

SCOTTS VALLEY, Calif. - Seagate Technology today announced a transition in roles and responsibilities within its executive management team, as well as the appointment of two new members to the team.

William D. Watkins, executive vice president and chief operating officer has been promoted to Company president and chief operating officer. In related actions, David Wickersham, senior vice president, Product Line Management, has been appointed executive vice president, Global Disc Storage Operations, and Brian Dexheimer, senior vice president, Global Sales and Marketing has been appointed executive vice president, Global Sales, Marketing, Product Line Management and Customer Service Operations. Dexheimer will assume his new role in August, succeeding Bernie Carballo who has announced plans to retire in late July. Subsequent to Carballo's retirement, Dexheimer will report to Luczo. Further, Don Colton, executive vice president, Corporate Quality has announced plans to retire at the end of June.

In his role as president and chief operating officer, Watkins will have responsibility for all of Seagate's disc storage operations and related product development organizations. Reporting to Watkins will be Tom Porter, executive vice president and chief technical officer; Dave Wickersham, executive vice president, Global Disc Storage Operations; Ralph McLaughlin, senior vice president, Quality; Tim Harris, senior vice president, Equipment Outsourcing Strategy; and Kay Breeden, executive director, Environmental Health and Safety. Watkins will continue to report to Stephen J. Luczo, Seagate's chief executive officer. Also reporting to Luczo are Charles Pope, executive vice president and chief financial officer; Don Waite, executive vice president and chief administrative officer; Bernie Carballo, executive vice president, Global Sales, Marketing, Product Line Management and Customer Service Operations; Don Colton, executive vice president, Corporate Quality; Tom Mulvaney, senior vice president, Internet Solutions; Lam Truong, senior vice president, E-Business Strategy; Julie Still, vice president, Corporate Communications; and Greg Kerfoot, president and chief operating officer, Seagate Software.

"On behalf of the entire Company, I want to thank Bernie and Don for their dedication and contributions to Seagate over many years. Their success reflects characteristics innate in all leaders, an ability to constantly redesign and reinvent both themselves and their organizations. They have helped to build a strong global corporation, as well as a strong team of leaders to take Seagate into the future.

"These changes are part of Seagate's ongoing corporate transformation process," Luczo continued. "Bill has been the operational head of the company during a period of extraordinary growth. He has architected the advancements in our manufacturing systems and he continues to be a principal driver behind the ongoing transformation of our management methods and culture. I expect that he will continue to innovate in his new role.

"Dave and Brian assume their new roles at one of the most exciting times in Seagate's history. Both individuals have successfully led a number of functional organizations within the Company and we believe that they will continue to make a significant, positive impact on the strategic direction of the disc storage organization."

In August 1998, Bill Watkins was promoted to chief operating officer, with responsibility for Seagate's disc drive manufacturing, recording media, and recording heads operations. Prior to his position as chief operating officer, Watkins served as executive vice president and chief operating officer of Seagate's Recording Media Group. Watkins established the Conner Disk Media Division in 1990 and managed its success through the merger with Seagate in 1996. Prior to joining Conner Peripherals, Watkins held executive positions with Domain Technology. Watkins holds a Bachelor of Science degree in Political Science from the University of Texas.

David Wickersham joined Seagate as senior vice president, Worldwide Materials, in May 1998, and in 1999 assumed the role of senior vice president, Product Line Management. Prior to joining Seagate, Wickersham spent two years at Maxtor Corporation as vice president, Worldwide Materials. During his career, Wickersham has also held executive and management positions with Exabyte Corporation and the Storage Systems Division of IBM Corporation. Wickersham holds a Bachelor of Science degree in Business Administration from San Jose State University in California.

Brian Dexheimer joined Seagate with the Company's acquisition of Imprimis, a subsidiary of Control Data Corporation, in 1989. His career includes more than 15 years of experience in the data storage industry. In 1993, Dexheimer was named senior director of Marketing for Seagate's Desktop and Mobile products. He held this position until 1996 when he joined the Company's Removable Storage Solutions (RSS) group as vice president, Marketing and Product Line Management. In 1997 he was appointed vice president and General Manager, RSS. In 1998, Dexheimer was promoted to senior vice president, Product Marketing and Product Line Management for Personal Storage products, and in 1999 he was appointed senior vice president, Worldwide Sales and Marketing for the Company's Enterprise, Personal, and Removable Storage groups. Dexheimer holds a Bachelor of Arts degree in Business Administration from the University of Portland, Oregon, and an MBA from Pepperdine University in California.

About Seagate Technology, Inc.
Seagate Technology, Inc. (NYSE:SEG) is a leading provider of the Internet Infrastructure enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives, magnetic discs and read-write heads, an innovator in tape drives, Storage Area Network (SAN) solutions and a leading developer of Business Intelligence software. Seagate can be found around the globe and at http://www.seagate.com. For automated news, stock and financial information by phone, dial toll-free 877-SEG-NYSE. Outside the U.S. and Canada, dial 760-704-4368.