Applied Materials Announces Dan Durn to be Next Chief Financial Officer
July 24 2017 - 7:00AM
Applied Materials, Inc. today announced that Dan Durn will join the
company as senior vice president on August 7, 2017 and assume the
role of chief financial officer on August 24. Mr. Durn, 50, is
currently CFO of NXP Semiconductors N.V. Bob Halliday, 63, will
remain with the company to support a smooth transition and move to
a new role focused on business development. Mr. Halliday is
planning to retire towards the end of 2018.
“Dan brings a tremendous combination of experience and knowledge
that can help accelerate Applied’s strategy,” said Gary Dickerson,
president and CEO. “These are exciting times as our markets are
strong and getting stronger, Applied is better positioned than ever
before and we have a great platform to drive sustainable profitable
growth. Bob has done a terrific job as CFO and I’m confident that
Dan is going to step in and help us reach new heights.”
“I am very excited to be joining Applied Materials, a company
that has terrific capabilities and is working in the sweet spot of
the industry,” said Dan Durn. “I have a great deal of respect for
Gary, Bob and the Applied leadership team, and I’m confident that
we are going to do great things together. I can’t wait to get
started.” Mr. Durn joined NXP in 2015, having served as CFO of
Freescale up until the merger with NXP. Prior to Freescale, he was
CFO and executive vice president of finance and administration at
GLOBALFOUNDRIES. Previously, he was head of M&A and strategy at
Advanced Technology Investment Company (ATIC), a $15 billion
private equity company, and he also served as vice president in
technology investment banking at Goldman, Sachs & Company and
was a member of its merger leadership group. Mr. Durn received an
MBA in finance from Columbia Business School and graduated from the
U.S. Naval Academy with a BS in control systems engineering.
Webcast and Conference Call InformationApplied
Materials will discuss this announcement during a webcast that
begins at 8:45 a.m. EDT / 5:45 a.m. PDT today. The live webcast
will be available on Applied Materials' website at:
http://www.appliedmaterials.com/investor-relations. The live
conference call phone number is 1-855-546-9563 (toll free)
or 1-412-455-6135 (international) with passcode 60282748.
Participants should dial in 15 minutes before the call to allow
time to be connected by the operator. Replays of the webcast will
be available beginning at 12:00 p.m. EDT / 9:00 a.m. PDT on July 24
and will remain available for at least 30 days.
Forward-Looking StatementsThis press release
contains forward-looking statements, including those regarding
anticipated growth in our markets and business, and other
statements that are not historical facts. These statements and
their underlying assumptions are subject to risks and uncertainties
and are not guarantees of future performance. Factors that could
cause actual results to differ materially from those expressed or
implied by such statements include, without limitation: our ability
to expand our current markets, increase market share and develop
new markets; market acceptance of existing and newly developed
products; and other risks and uncertainties described in our most
recent Form 10-Q and other filings with the SEC. All
forward-looking statements are based on management’s current
estimates, projections and assumptions, and we assume no obligation
to update them.
About Applied MaterialsApplied Materials, Inc.
(Nasdaq:AMAT) is the leader in materials engineering solutions used
to produce virtually every new chip and advanced display in the
world. Our expertise in modifying materials at atomic levels and on
an industrial scale enables customers to transform possibilities
into reality. At Applied Materials, our innovations make possible
the technology shaping the future. Learn more at
www.appliedmaterials.com.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/3c2b53dd-2fba-49c3-8977-786f294c7a50
http://www.globenewswire.com/NewsRoom/AttachmentNg/45ec0a05-52ba-48d2-ad68-1326a5df3661
The photos are also available at Newscom, www.newscom.com, and
via AP PhotoExpress.
Contact:Ricky Gradwohl
(editorial/media) 408.235.4676Michael Sullivan (financial
community) 408.986.7977
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