Companies RMA, sell off, donate, and/or dispose of older drives, RAID caches, computers, workstations - are you 100% sure everything was DBANed properly without any data still lurking in bad sectors? All it takes is one snoopy fellow dumpster diving, or going through the garage-saled hardware of your former IT guy who made backups, finding some hardcoded credentials on an unencrypted or poorly encrypted drive - or other similar act of stupidity - to potentially leverage mistakes made years ago into active network access.
As annoying as I find password rotation, I get it.