Summary
Lam Research Corporation (LRCX) has announced significant leadership changes within its executive team. Effective March 1, 2023, Patrick J. Lord, Ph.D. has been appointed as the new Executive Vice President and Chief Operating Officer. Dr. Lord brings extensive experience from his previous roles within the company, including leading the Customer Support Business Group and Global Operations, as well as prior leadership positions at Novellus Systems and KLA-Tencor. Concurrently, Christina (Tina) C. Correia has been appointed as the Chief Accounting Officer. Ms. Correia, who has been with Lam Research since 2002 and most recently served as Corporate Vice President of Corporate Finance and Investor Relations, will also retain her current responsibilities. These appointments reflect the company's strategy to leverage internal talent for key operational and financial oversight roles.
Key Highlights
- 1Patrick J. Lord appointed Executive Vice President and Chief Operating Officer, effective March 1, 2023.
- 2Christina (Tina) C. Correia appointed Chief Accounting Officer, effective March 1, 2023.
- 3Dr. Lord has a deep background in operations and customer support, with prior leadership at Novellus and KLA-Tencor.
- 4Ms. Correia brings extensive financial and investor relations experience, having been with the company since 2002.
- 5Both appointments leverage internal talent, with Dr. Lord and Ms. Correia having previously held senior roles within Lam Research.
- 6A press release dated February 21, 2023, was issued to announce Dr. Lord's appointment, and this is filed as Exhibit 99.1.
- 7Ms. Correia will enter into the company's standard indemnification agreement.