Micron appoints Mark Durcan as new CEO
In the wake of last week's fatal plane crash that took the life of its CEO, Micron Technology has appointed a successor, Mark Durcan. The former CTO has been with the company since 1984, and has -- per company bylaws -- been serving as interim chief since February 3rd. Robert Switz, the company's previous Board Director, will assume the duties of Board Chairman and Mark Adams, formerly the VP of Worldwide Sales, has been named as the company's President. In a press release announcing the appointments, the new CEO wrote that the company was "deeply saddened" to learn of the death of its top executive, and that the management team would work relentlessly to "continue to move the company forward."
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Micron Technology Appoints Mark Durcan as Chief Executive Officer, Director
Director Robert E. Switz to Serve as Chairman, Mark W. Adams as President
BOISE, Idaho, Feb. 4, 2012 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU), today announced the appointment of D. Mark Durcan as Chief Executive Officer (CEO) of the company. Mr. Durcan will also serve as a Director on Micron's Board of Directors. The appointments come after the company reported that Steven R. Appleton, longtime Micron Chairman and CEO, passed away in a Feb. 3 airplane accident in Boise.
The Board of Directors also announced the appointment of Director Robert E. Switz as Chairman of the Board and Mark W. Adams as President. Mr. Switz has served as a Director since 2006 and is the former Chairman and CEO of ADC Telecommunications. He has previously served as chair of the Micron Board's Audit and Governance committees. Mr. Adams joined the company in 2006 and served most recently as Vice President of Worldwide Sales.
Mr. Durcan, 51, has served as President and Chief Operating Officer of Micron since 2007 and earlier served as Micron's Chief Technology Officer. He joined the company in 1984.
"We are fortunate to be able to appoint someone with Mark's operations and technical leadership experience to serve as the company's CEO," said Mr. Switz. "Mark has been instrumental in Micron's success in his role as President and COO and has garnered the respect of the company, his team members and the industry at large."
Mr. Durcan said, "We are deeply saddened by Steve's loss and will miss his hand at the helm. I have provided the Board my ongoing commitment to work with the management team and continue to move the company forward."
