MEMC Electronic Selects Former Praxair Controller As New CFO

Date : 12/15/2010 @ 7:49AM
Source : Dow Jones News
Stock : Sunedison, Inc. (PN) (SUNEQ)
Quote : 0.0101  0.0 (0.00%) @ 2:06AM

MEMC Electronic Selects Former Praxair Controller As New CFO

MEMC Electronic (NYSE:WFR)
Historical Stock Chart

5 Years : From Jan 2013 to Jan 2018

Click Here for more MEMC Electronic Charts.

MEMC Electronic Materials Inc. (WFR) has selected former Praxair Inc. (PX) controller Mark Murphy to be its new chief financial officer. He is succeeding Tim Oliver, who is leaving the silicon wafer maker to pursue other opportunities.

MEMC, which makes silicon wafers for the solar and semiconductor industries, has had a rebound in sales due to demand for chips in electronic devices and to soaring global demand for solar power. The rebound has led to a return into the black during the past two quarters.

Oliver, who joined MEMC as CFO in November 2009, will stay through the end of the first quarter to aid in the transition. "MEMC's efforts to reduce costs, mitigate risk, improve capability and catalyze growth have truly transformed the company," Oliver said.

MEMC shares closed Tuesday at $11.72 and were inactive premarket. The stock is down 14% this year.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481;


Latest SUNEQ Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.