Western Digital 2012 Annual Report Download - page 5

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Enabled by a strong  nancial foundation, we aim to stay ahead
of change by investing in the faster-growing market segments
offering the greatest long-term promise. Our improved positions in
traditional enterprise and solid-state drive segments, brought about
by the addition of HGST operations, are examples of this initiative.
Today, having shaken off the effects of crippling natural disasters,
our operations are back on stride and delivering outstanding
nancial results. Those results show the value of the sustained
agility of our operations.
Our vision is to empower people to create, manage, experience
and preserve digital content. In a world where digital content has
become pervasive, persistent storage of meaningful personal
information and memories is increasingly cherished. As the sheer
volume of stored information and entertainment grows, ease of use
in access and management is vital to the user experience and an
area of signi cant opportunity. Western Digital today has a uniquely
powerful combination of talent, experience and passion to continue
to pioneer solutions in this growing and rewarding space.
It would be dif cult to thank everyone responsible for our
company’s performance in  scal 2012. But, heading the list
must be our long-time WD and HGST customers, who provided
their understanding and support; our trusted supply partners,
who provided nimble responsiveness; and our Western
Digital employees, who gave their commitment and energy in
extraordinary measure. My thanks to all of you.
After thirty years at Western Digital I have made the decision to
retire on January 2, 2013, the sixth anniversary of my appointment
as CEO. Our President, Steve Milligan, will succeed me and also
join the board at the time of my retirement. I am delighted to
welcome Steve to the CEO position and know that, with his prior
experience at Western Digital and with the great turnaround he led
at HGST, he will provide the leadership required to take Western
Digital onward to the next phase of our successful journey. Steve
and I will be working together with the executive team over the next
few months to ensure an orderly and effective leadership transition.
John F. Coyne
Chief Executive Of cer
September 27, 2012
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
FY2008 FY2009 FY2010 FY2011 FY2012
$5,488
$7,669
$2,696 $3,192
$4,709
SHAREHOLDERS’ EQUITY
Dollars in millions
Western Digital’s long-term, sustained
pro tability has resulted in $7.7 billion of
shareholders’ equity at the end of  scal 2012.