Micron appointed company veteran Mark Durcan as chief executive a day after its Chairman and CEO Steve Appleton was killed in a plane crash.
Reuters is saying that hours after after Appleton’s death Micron’s board named Durcan, the president and chief operating officer, as temporary CEO.
The word on the street is that Durcan will stay on full- time.
Appleton performed stunts at airshows, and died after the small plane he was piloting crashed at an airport in Boise, Idaho.
He had already decided to retire and announced he was leaving, which might explain why Durcan was able to be placed behind his desk before the chair got cold.
Micron can’t really afford much in the way of disruption as it is struggling with sluggish computer sales and declining prices.
Durcan joined Micron in 1984 and served as chief technology officer before becoming chief operating officer in 2007. He has taken on a greater role running the chipmaker while the more flamboyant 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.
But the loss of Appleton could delay the acquisition of troubled Japanese rival Elpida Memory. Elpida is rumoured to have been in talks to be bought by Micron or reach some kind of partnership.