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| 8-K - SUNEDISON, INC. | v205573_8k.htm |
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MEMC
Electronic
Materials, Inc. 501 Pearl Drive
(City of O'Fallon)
Post Office Box
8
St. Peters,
Missouri
63376 USA Phone: 636-474-5000
Fax: 636-474-5158
www.memc.com
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 For Immediate Release
MEMC
ANNOUNCES EXECUTIVE TRANSITION WITH
APPOINTMENT
OF MARK MURPHY TO CFO POSITION
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St. Peters, MO, December 15,
2010 – MEMC Electronic Materials, Inc. (NYSE: WFR) today announced
that effective January 10, 2011, it will transition the Chief Financial
Officer role to Mark Murphy from the company’s current CFO, Tim
Oliver.
Murphy,
who was most recently Vice President and Controller of Praxair, Inc., one
of the world’s largest industrial gas suppliers, will join the company as
Senior Vice President and CFO reporting to Ahmad Chatila, MEMC’s Chief
Executive Officer.
In
his role as Controller of Praxair, Inc., Murphy was responsible for
external financial reporting, financial planning and analysis, and
functional effectiveness of the global finance
organization. Prior to Controller, Murphy was President,
Praxair Electronics, Praxair’s business unit serving semiconductor, flat
panel display, LED, and photovoltaic markets. From 2000 until 2008, Murphy
held financial and business roles of increasing responsibility including
Vice President of Finance, Praxair Asia, and Finance Director, Praxair
Electronics. Prior to joining Praxair, Murphy was a senior
financial analyst with ExxonMobil Treasury.
“We
are extremely pleased to have Mark join the MEMC leadership team at a key
time for the company,” said Chatila. “His experiences running
large global technology businesses will make him a strong and valuable
partner to our businesses as they grow.”
Oliver,
who is leaving the Company to pursue other opportunities, has agreed to
remain with the Company in a non-executive role through the end of the
2011 first quarter, to facilitate an effective transition and to assist in
the completion of the annual planning processes.
“MEMC’s
efforts to reduce costs, mitigate risk, improve capability and catalyze
growth have truly transformed the company,” said Oliver. “I believe that
MEMC is one of the best positioned companies in the industry, with a
strong management team to lead them into the future. I am proud of what we
have been able to accomplish.”
Chatila
added, “I appreciate Tim’s efforts and accomplishments during his time at
MEMC and wish him continued success in his future pursuits. He
transitions to Mark a strong finance team with processes that improved our
transparency, drove accountability, and enabled our
growth.”
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About
MEMC
MEMC
is a global leader in the manufacture and sale of wafers and related
intermediate products to the semiconductor and solar industries. Through
its SunEdison
subsidiary, MEMC is also a developer of solar power projects and North
America's largest solar energy services provider.
MEMC
has been a pioneer in the design and development of silicon wafer
technologies for 50 years. With R&D and manufacturing facilities in
the U.S., Europe and Asia, MEMC enables the next generation of high
performance semiconductor devices and solar cells.
MEMC's
common stock is listed on the New York Stock Exchange under the symbol
"WFR" and is included in the S&P 500 Index. For more information about
MEMC, please visit www.memc.com.
Contacts:
Media:
Bill
Michalek
Director,
Corporate Communications
MEMC
Electronic Materials, Inc.
(636)
474-5443
Investors/Analysts:
Kurt
Bruenning
Treasurer
MEMC
Electronic Materials, Inc.
(636)
474-5925
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