Applied Materials Announces Executive Change
October 01 2021 - 8:30AM
Applied Materials, Inc. today announced that Dan Durn, Senior Vice
President and Chief Financial Officer (CFO), is departing the
company on Oct. 15 to become the CFO at Adobe Inc.
Former Applied Materials CFO Bob Halliday has been
appointed interim CFO and is serving in the role until a successor
is in place.
“Over the past four years, Dan has made
substantial contributions to Applied as we have delivered strong,
profitable growth,” said Gary Dickerson, President and CEO of
Applied Materials. “We wish Dan every success for the future.”
“I’m proud of the excellent financial results and
shareholder returns we’ve delivered,” said Dan Durn. “It has been
an honor to lead the outstanding finance team at Applied.”
Applied’s guidance for the fourth quarter of
fiscal 2021 is unchanged.
Forward-Looking Statements This
press release contains forward-looking statements, including those
about our business and financial outlook for the fourth quarter of
fiscal 2021. 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: the level of demand for our products,
our ability to meet customer demand, and our suppliers' ability to
meet our demand requirements; transportation interruptions and
logistics constraints; global economic and industry conditions; the
effects of regional or global health epidemics, including the
severity and duration of the ongoing COVID-19 pandemic; global
trade issues and changes in trade and export license policies;
consumer demand for electronic products; the demand for
semiconductors; customers’ technology and capacity requirements;
changes in income tax laws; our ability to expand our current
markets, increase market share and develop new markets; market
acceptance of existing and newly developed products; the
variability of operating expenses and results among products and
segments, and our ability to accurately forecast future results,
market conditions, customer requirements and business needs; and
other risks and uncertainties described in our SEC filings,
including our recent Forms 10-Q and 8-K. All forward-looking
statements are based on management’s current estimates, projections
and assumptions, and we assume no obligation to update them.
About Applied Materials Applied
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 a better future. Learn more
at www.appliedmaterials.com.
Contact: Ricky Gradwohl
(editorial/media) 408.235.4676 Michael Sullivan (financial
community) 408.986.7977
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