FREMONT,
Calif., Aug. 24, 2023 /PRNewswire/ -- Lam Research
Corp. (NASDAQ: LRCX) today announced that John M. Dineen has joined its board of
directors, effective August 24, 2023.
Dineen brings to Lam extensive experience in technology,
operations, and international business management, including
previously serving in multiple executive leadership roles at
General Electric Company (GE).
![John M. Dineen has joined Lam Research's board of directors, effective August 24, 2023. Dineen brings to Lam extensive experience in technology, operations, and international business management, including previously serving in multiple executive leadership roles at General Electric Company. John M. Dineen has joined Lam Research's board of directors, effective August 24, 2023. Dineen brings to Lam extensive experience in technology, operations, and international business management, including previously serving in multiple executive leadership roles at General Electric Company.](https://mma.prnewswire.com/media/2193995/John_Dineen_Headshot_Lam_BoD.jpg)
During his three-decade career at GE, Dineen was responsible for
a broad range of business lines and tens of thousands of employees
across the global company. Most recently, Dineen served as
President and Chief Executive Officer of GE Healthcare, where he
oversaw the development and sale of cutting-edge healthcare
technology products and advanced engineering. Prior to that, he was
President and Chief Executive Officer of GE Transportation where he
was responsible for highly complex supply chains around the world.
Previously, he held several global and regional management
positions, with oversight of GE Plastics, GE Power Delivery, GE
Microwave Ovens and Air Conditioning, and other business areas of
strategic importance to the company.
Following his retirement from GE in 2014, Dineen has continued
to remain active in business strategy. He served as an Operating
Advisor at the private equity investment firm Clayton, Dubilier and
Rice from 2015 to 2022. Dineen is currently on the board of
directors for several leading companies, including Syneos Health,
Inc.; Cognizant Technology Solutions Corporation; Healogics, Inc;
and Carestream Dental LLC. In addition, Dineen serves on the board
of trustees for the University of
Vermont, where he received bachelor's degrees in biology and
computer science.
"We are proud to welcome John
Dineen to our board," said Abhijit
Talwalkar, chairman of the board at Lam Research. "John
brings to Lam exceptional global business acumen and broad
leadership experience in the industrial technology industry,
ranging from advising on multiple boards to overseeing several key
business divisions of General Electric. His contributions to our
board will be incredibly valuable as Lam continues to enable
breakthroughs in the semiconductor industry."
About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of
innovative wafer fabrication equipment and services to the
semiconductor industry. Lam's equipment and services allow
customers to build smaller and better performing devices. In fact,
today, nearly every advanced chip is built with Lam technology. We
combine superior systems engineering, technology leadership, and a
strong values-based culture, with an unwavering commitment to our
customers. Lam Research is a FORTUNE 500® company headquartered in
Fremont, California, with
operations around the globe. Learn more at www.lamresearch.com.
Caution Regarding Forward-Looking Statements
Statements made in this press release that are not of historical
fact are forward-looking statements and are subject to the safe
harbor provisions created by the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements relate to, but
are not limited to: anticipated benefits to Lam from this
appointment; and our enablement of breakthroughs in the
semiconductor industry. Some factors that may affect these
forward-looking statements include: trade regulations, export
controls, trade disputes, and other geopolitical tensions may
inhibit our ability to sell our products; business, political
and/or regulatory conditions in the consumer electronics industry,
the semiconductor industry and the overall economy may deteriorate
or change; the actions of our customers and competitors may be
inconsistent with our expectations; supply chain cost increases and
other inflationary pressures have impacted and are expected to
continue to impact our profitability; supply chain disruptions have
limited and are expected to continue to limit our ability to meet
demand for our products; and natural and human-caused disasters,
disease outbreaks, war, terrorism, political or governmental unrest
or instability, or other events beyond our control may impact our
operations and revenue in affected areas; as well as the other
risks and uncertainties that are described in the documents filed
or furnished by us with the Securities and Exchange Commission,
including specifically the Risk Factors described in our annual
report on Form 10–K for the fiscal year ended June 25, 2023. These uncertainties and changes
could materially affect the forward-looking statements and cause
actual results to vary from expectations in a material way. The
Company undertakes no obligation to update the information or
statements made in this release.
Company Contacts
Laura Bakken
Public Relations
(510) 972-5029
publicrelations@lamresearch.com
Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lam-research-appoints-general-electric-alum-john-m-dineen-to-board-of-directors-301909594.html
SOURCE Lam Research Corporation