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Sunday, 5 February 2012 - Micron appoints Durcan CEO after Appleton's death |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Related Topics Tech » 1 of 2. Micron Technology Inc. COO Mark Durcan listens to a question during the Reuters Technology Summit in San Francisco, California May 17, 2010. Credit: Reuters/Robert Galbraith SAN FRANCISCO | Sat Feb 4, 2012 9:16pm EST SAN FRANCISCO (Reuters) - Memory chipmaker Micron Technology's board appointed company veteran Mark Durcan as chief executive a day after longtime Chairman and CEO Steve Appleton was killed in a plane crash. Hours after Appleton's death on Friday morning, Micron's board named Durcan, the president and chief operating officer, as temporary CEO and analysts speculated he could be asked to stay on full- time. The 51-year-old Appleton, a three-decade industry veteran who performed stunts at airshows, died after the small plane he was piloting crashed at an airport in Boise, Idaho, where the chipmaker is headquartered. His death was a major loss to the company, already struggling with sluggish computer sales and declining prices. The quick appointment of Durcan, 51, as permanent CEO came just a week after the company announced he would retire in August. Durcan joined Micron in 1984 and served as chief technology officer before becoming chief operating officer in 2007. Seen as Micron's even-keeled top technologist, Durcan has taken on a greater role running the chipmaker day-to-day in the past few years, while larger-than-life Appleton focused more on strategy. Micron's board of directors also named director Robert Switz the new chairman of the board. Switz was formerly CEO of ADC Telecommunications. "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 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." The loss of Micron's top dealmaker could waylay a possible acquisition of troubled Japanese rival Elpida Memory. Saddled with millions of dollars in operating losses and major upcoming debt payments, Elpida may be in talks to be bought by Micron or reach some kind of partnership, media recently speculated. (Reporting By Noel Randewich; Editing by Peter Cooney) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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