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Zebra Technologies Appoints Olivier Leonetti as CFO

Leonetti was previously CFO at Western Digital.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Zebra Technologies announced the appointment of Olivier Leonetti as CFO, effective Nov. 16, 2016. He succeeds Michael C. Smiley, who is stepping down as to pursue other opportunities. Smiley will work with Leonetti to facilitate an orderly transition.
 
Leonetti joins Zebra with more than 25 years of experience in financial and executive leadership roles. Most recently, he served as ChiCFO at Western Digital Corporation, an industry-leading provider of storage technologies and solutions that generated $13 billion in revenue for fiscal year ending July 1, 2016.
 
During his tenure, Leonetti was instrumental in the successful completion and integration of Western Digital’s $16 billion acquisition of SanDisk Corporation. He led a successful debt capital raise in conjunction with the transaction and helped the company achieve its synergy targets. Prior to Western Digital, Leonetti served as VP, finance – global commercial organization at Amgen, Inc., a global pharmaceutical company, where he facilitated the implementation of worldwide product development, commercial strategies and global restructuring programs.
 
“We are delighted to welcome a finance executive of Olivier’s depth and breadth to the Zebra leadership team,” said Anders Gustafsson, CEO of Zebra Technologies. “He has a proven track record of driving profitable growth and brings a global perspective and in-depth understanding of the industries we serve. Olivier has also been instrumental in planning, financing and executing on the integration of a large, complex acquisition.
 
“We are grateful for Mike’s contributions during his more than eight years as Zebra’s CFO,” Gustafsson continued, “During Mike’s tenure, Zebra has grown profitably and extended its industry leadership, and he has been instrumental in our efforts to improve free cash flow and strengthen the balance sheet. We wish him well in his future endeavors.”
 

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