Lam Research Announces Retirement of Chairman, Stephen G. Newberry; Abhijit Y. Talwalkar Appointed as his Successor
27 August 2019 - 7:25AM
Lam Research Corporation (Nasdaq: LRCX) today announced that
Stephen G. Newberry, who has served as the company's chairman of
the board of directors since 2012 and as a member of the board
since 2005, has decided to retire from his position on Lam's board,
effective the close of business on November 4, 2019, just prior to
the company's annual meeting of stockholders which will be held
on November 5, 2019. The board appointed Abhijit Y. Talwalkar
to succeed Mr. Newberry as chairman upon his reelection to the
board at the annual meeting. Mr. Talwalkar has been a member of
Lam’s board since 2011 and currently serves as the board’s lead
independent director.
“For the last 22 years I have been privileged to work with teams
of employees that have set the standard of excellence for the
semiconductor equipment industry. Our employees’ commitment to our
customers’ success has enabled the company to be regarded as the
industry’s most trusted supplier of leading-edge critical
solutions. I am very proud to have been a part of what Lam Research
has become, and I wish everyone associated with Lam all the best
for continued success for many more decades to come,” Mr. Newberry
said.
“Steve’s contributions to Lam have been invaluable, and it has
been a privilege to serve on the board of directors with him,” said
Mr. Talwalkar. “During his tenure in leadership roles at Lam and as
chairman of the board of directors, Steve's strategic vision and
focus on execution have inspired Lam to achieve success for our
customers, employees, and stockholders for more than twenty years.
On behalf of the board of directors, I extend a sincere thanks to
Steve for his years of service and the impact he made on Lam.”
“Steve’s focus on operational excellence is the foundation of
Lam’s growth and success,” said Tim Archer, president and
chief executive officer of Lam Research. “Lam’s management system
was architected under Steve’s leadership, and is core to our
results-driven culture and Lam’s commitment to the success of our
customers. While Steve’s presence will be missed at Lam, his
contributions over the years are a fundamental element of our
ongoing operations.”
About Lam ResearchLam Research
Corporation is a global supplier of innovative wafer
fabrication equipment and services to the semiconductor industry.
As a trusted, collaborative partner to the world’s leading
semiconductor companies, we combine superior systems engineering
capability, technology leadership, and unwavering commitment to
customer success to accelerate innovation through enhanced device
performance. In fact, today, nearly every advanced chip is built
with Lam technology. Lam Research (Nasdaq: LRCX) is a
FORTUNE 500® company headquartered in Fremont, Calif., with
operations around the globe. Learn more
at www.lamresearch.com. (LRCX-B)
Company Contacts: Libra WhiteMedia Relations510-572-7725
publicrelations@lamresearch.comRam Ganesh Investor Relations (510)
572-1615investor.relations@lamresearch.com
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