SANTA CLARA, Calif.--(BUSINESS WIRE)--Sep. 18, 2009--
Applied Materials, Inc. (Nasdaq:AMAT) announced today a reorganization
of certain members of its executive staff, effective immediately.
“Applied Materials has seen a tremendous transformation both in our
business as well as in the industries we serve over the past several
years. We have extended our leadership in semiconductor equipment to
leadership in flat panel display equipment and, most recently,
leadership in solar equipment,” said Mike Splinter, chairman and CEO of
Applied Materials. “We must further evolve as a company in order to stay
at the forefront of the industries where we compete and today’s
announcement sets us firmly on that path.”
The changes announced today include:
Silicon Systems Group
Tom St. Dennis has announced his intention to resign as senior vice
president, general manager Silicon Systems effective October 2. Randhir
Thakur will assume leadership of the Silicon Systems Group (SSG). Thakur
had previously been senior vice president and general manager of the
Display and SunFab Solar Group. As head of SSG, Thakur will focus on
strengthening the company’s leadership in its core wafer fabrication
equipment markets and on extending its position in key growth markets of
etch and inspection. With revenues of $4 billion in FY08, the Silicon
Systems Group encompasses Applied Materials’ entire portfolio of
semiconductor manufacturing systems.
Energy and Environmental Solutions
In order to take advantage of increasing overlap in the crystalline
silicon and thin film solar markets and align more deeply on strategy,
investments and business development, Applied Materials’ solar
organizations will be combined under the leadership of Mark Pinto as
senior vice president and general manager of Energy and Environmental
Solutions (EES). Pinto will continue to serve as chief technology
officer for Applied Materials. Pinto will build on the company’s
leadership in solar, increase share of the market through new products
and deliver on new growth opportunities in energy and environment. With
revenues of more than $800 million in FY08, Applied Materials’ Energy
and Environmental Solutions group is the world’s leading provider of
equipment to the solar industry.
Applied Global Services
Manfred Kerschbaum will assume the role of chief of staff, helping to
drive the company’s business strategy around the world. Kerschbaum had
previously been senior vice president and general manager of Applied
Global Services (AGS). Charlie Pappis, corporate vice president of AGS,
with more than 20 years of experience in many areas throughout the
company, will take over as general manager of AGS. Pappis will
lead AGS with a focus on growing revenue through an integrated
solutions-based approach and by expanding its portfolio of services to
support the success of customers. AGS had revenues of more than $2.3
billion in FY08.
Display
Jim Scholhammer will continue as general manager for Display.
Scholhammer has been a member of the executive leadership team for
Display since he joined the company through the acquisition of Applied
Films in July 2006. With revenues of nearly $1 billion in FY08, the
Display group is the world’s leading provider of equipment to the flat
panel display market.
Sales
Franz Janker has assumed a new position as executive vice president,
Corporate Account Management. In this new role, Janker will lead Applied
Materials’ efforts to build strong connections and communication
channels with major customers. The company will realign its sales
account team structure to embed the sales function into each of its
business organizations.
Safe Harbor Statement
This press release contains forward-looking statements, including those
regarding Applied Materials’ executive management, strategic position
and growth opportunities. These statements are subject to known and
unknown risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such statements,
including but not limited to: the level of demand for its products,
which is subject to many factors, including uncertain global economic
and industry conditions, end-market demand for electronic products and
semiconductors, and customers’ capacity requirements; Applied Materials’
ability to (i) implement organizational changes; (ii) develop, deliver
and support a broad range of products and expand its markets, (iii)
align its cost structure with business conditions, and (iv) attract,
motivate and retain key employees; and other risks described in its SEC
filings. All forward-looking statements are based on management’s
estimates, projections and assumptions as of September 18, 2009, and
Applied Materials undertakes no obligation to update any forward-looking
statements.
About Applied Materials
Applied Materials, Inc. (Nasdaq:AMAT
- News)
is the global leader in Nanomanufacturing Technology™ solutions with a
broad portfolio of innovative equipment, service and software products
for the fabrication of semiconductor chips, flat panel displays, solar
photovoltaic cells, flexible electronics and energy efficient glass. At
Applied Materials, we apply Nanomanufacturing Technology to improve the
way people live. Learn more at www.appliedmaterials.com.
Source: Applied Materials, Inc.
Applied Materials, Inc.
Howard Clabo, 408-748-5775
(editorial/media)
or
Michael
Sullivan, 408-986-7977
(financial community)
