FREMONT,
Calif., Aug. 30, 2024 /PRNewswire/ -- Lam
Research Corp. (Nasdaq: LRCX) today announced that Ita Brennan and Mark
Fields have joined its board of directors, effective
August 30, 2024.
Brennan brings to the board significant senior executive-level
financial management expertise in the technology industry. Most
recently, she was Senior Vice President and Chief Financial Officer
(CFO) of Arista Networks. Brennan previously held CFO roles at
QuantumScape Corporation and Infinera Corporation, where she also
served as Vice President of Finance and Corporate Controller.
Earlier in her career, she held key financial positions at Maxtor
Corporation, including Vice President of Finance for the company's
worldwide operations. Brennan is a board member at Cadence Design
Systems and Planet Labs PBC, and previously served on the board of
LogMeIn, Inc. She studied accounting, finance, and management at
the Institute of Chartered Accountants in Ireland, qualifying as a chartered accountant
and fellow of the institute. In addition, Brennan is a public
accounting alumna of Deloitte & Touche, having worked for the
firm in both Ireland and
the United States.
Fields brings to the board decades of executive-level business
acumen and experience across diverse industries. He is a senior
advisor at TPG Capital LP, a global alternative asset firm.
Previously, Fields served as interim CEO of Hertz Global Holdings,
Inc., which operates the Hertz, Thrifty and Dollar rental car
brands. Over a nearly 30-year career at Ford Motor Company, Fields
held numerous leadership roles and rose to the position of
President and CEO. He currently serves on the boards of Hertz
Global Holdings, QUALCOMM Incorporated, Tanium Inc., Planview, Inc.
and Boomi, LP. His past board appointments include Ford Motor
Company and IBM Corporation. Fields holds a B.A. in economics from
Rutgers University and an M.B.A. from
Harvard Business School.
"We are pleased to welcome Ita and Mark to the board," said
Abhijit Talwalkar, chairman of the
board at Lam Research. "They bring deep global leadership
experience and proven capabilities in operational and financial
excellence that will be valuable as Lam continues to drive toward
long-term growth."
About Lam Research
Lam Research Corporation 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 (Nasdaq: LRCX) is a
FORTUNE 500® company headquartered in Fremont, Calif., 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 these
appointments; and our prospects for growth. 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 may continue to
impact our profitability; supply chain disruptions or manufacturing
capacity constraints may limit our ability to manufacture and sell
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 30, 2024. 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
Media Relations
(510) 572-9021
publicrelations@lamresearch.com
Ram Ganesh
Investor Relations
(510) 572-7746
investor.relations@lamresearch.com
Source: Lam Research Corporation, (Nasdaq: LRCX)
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SOURCE Lam Research Corporation