8-KLeadership ChangesExhibits & Filings

MICRON TECHNOLOGY INC 8-K Report, Executive Changes (May 6, 2015)

Filed May 6, 2015For Securities:MU

Summary

Micron Technology Inc. (MU) announced a significant leadership change in its finance department via an 8-K filing on May 5, 2015. The company appointed Ernie Maddock as its new Chief Financial Officer (CFO) and Vice President, Finance, effective around June 1, 2015. Mr. Maddock, with extensive financial and operational experience from previous roles at Riverbed Technology and Lam Research Corporation, will also assume the responsibilities of Principal Financial and Accounting Officer. This appointment signals a move towards stabilizing and strengthening the company's financial leadership. Mark Adams will transition back to his role as President after serving as interim CFO, and Mark Heil will continue as Senior Finance Director and Corporate Controller. Investors should monitor how Mr. Maddock's experience in operational oversight and financial strategy impacts Micron's future performance and financial reporting.

Key Highlights

  • 1Appointment of Ernie Maddock as Chief Financial Officer and Vice President, Finance, effective June 1, 2015.
  • 2Mr. Maddock will also serve as the Principal Financial and Accounting Officer.
  • 3Mr. Maddock brings prior CFO experience from Riverbed Technology, Inc.
  • 4He also held executive positions, including CFO, at Lam Research Corporation.
  • 5Mark Adams will return to his role as President, stepping down as interim CFO.
  • 6Mark Heil will continue as Senior Finance Director and Corporate Controller.
  • 7The appointment is detailed in a press release attached as an exhibit.

Frequently Asked Questions

Ernie Maddock has been appointed as the new Chief Financial Officer and Vice President, Finance, of Micron Technology, effective on or about June 1, 2015.

Mr. Maddock has extensive experience, including serving as Executive Vice President and Chief Financial Officer at Riverbed Technology, Inc. He also held various executive roles at Lam Research Corporation, including Executive Vice President and Chief Financial Officer.

Mark Adams, who served as interim Chief Financial Officer, will continue in his role as President of the Company. Mark Heil, the interim Principal Financial and Accounting Officer, will continue as Senior Finance Director and Corporate Controller.

Mr. Maddock is expected to commence his employment with Micron Technology on or about June 1, 2015.