Applied Materials Appoints Kevin March to Board of Directors

Rhea-AI Summary

Applied Materials has appointed Kevin March to its Board of Directors, enhancing its governance with over 30 years of financial and operational experience, particularly in the semiconductor industry. March previously served as CFO of Texas Instruments and is recognized for building shareholder value. His expertise in capital management and operations will support Applied Materials as it seeks to scale for future growth, according to Chairman Tom Iannotti.

Positive

• Appointment of Kevin March brings over 30 years of semiconductor industry experience.
• Expected improvement in governance and financial leadership.
• Past experiences in capital management aimed at building shareholder value.

Negative

• None.

SANTA CLARA, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced the appointment of Kevin March to serve on its Board of Directors. A semiconductor industry veteran, Mr. March brings more than 30 years of finance and business operations expertise to Applied and will serve on the Board’s Audit Committee.

“Kevin has a long, well-regarded track record of building shareholder value, and we are excited to have him join the Board,” said Tom Iannotti, Chairman of the Board of Applied Materials. “Kevin’s strong financial leadership and deep semiconductor industry experience will benefit Applied as the company continues to scale its operations to support future growth.”

Mr. March is a retired, longtime executive of Texas Instruments Incorporated (TI). He most recently served as Senior Vice President and Chief Financial Officer of the company from 2003 to 2017. Mr. March joined TI in 1984, and during his 33-year career at the company, he held numerous roles in finance, operations and business management across corporate and business unit functions. Mr. March’s leadership was instrumental in shaping TI into a focused semiconductor company, including his role in the formation of the company’s global Analog Semiconductor segment, which became the world’s largest analog semiconductor business. Mr. March also developed TI’s capital management strategy.    

Mr. March is a member of the board of the United Way Foundation of Metropolitan Dallas. He holds an MBA in finance and accounting, along with a bachelor’s degree in economics and business, from the University of Pittsburgh.

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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FAQ

Who is Kevin March and what is his role at Applied Materials?

Kevin March has been appointed to the Board of Directors at Applied Materials, bringing extensive finance and operations experience from his previous role as CFO of Texas Instruments.

How will Kevin March's appointment impact Applied Materials?

March's experience in capital management and the semiconductor industry is expected to strengthen Applied Materials' governance and support growth strategies.

When was Kevin March appointed to the Board of Applied Materials?

Kevin March was appointed to the Board of Directors of Applied Materials on October 24, 2022.

What prior experience does Kevin March have?

Kevin March served as Senior Vice President and CFO of Texas Instruments from 2003 to 2017, contributing to the company's focus in the semiconductor sector.