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Applied Materials Appoints Teri Little as Senior Vice President and Chief Legal Officer

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Rhea-AI Summary

Applied Materials has appointed Teri Little as senior vice president and chief legal officer, succeeding Tom Larkins. Little brings extensive legal experience from KLA Corporation, where she managed global legal affairs. Her appointment aligns with the company's strategic focus on artificial intelligence and big data opportunities. CEO Gary Dickerson emphasized her industry knowledge as beneficial for future growth. Tom Larkins will aid in the transition, having led the legal department since 2012.

Positive
  • Teri Little's appointment as chief legal officer brings extensive experience in the semiconductor industry.
  • Her leadership is expected to accelerate Applied Materials' strategy in AI and big data.
Negative
  • Transitioning leadership may raise concerns about continuity during a critical phase.

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Analyzing...

SANTA CLARA, Calif., June 08, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that Teri Little has joined the company as senior vice president and chief legal officer. Previously, Ms. Little served as executive vice president, chief legal officer and corporate secretary at KLA Corporation where she led the legal affairs of the company worldwide, including corporate securities and governance, M&A, intellectual property, commercial, employment, compliance and litigation.

“As our new chief legal officer, Teri brings broad legal experience as well as deep knowledge and understanding of the semiconductor industry and our customers,” said Gary Dickerson, president and CEO. “As we enter the era of artificial intelligence and big data, Applied’s opportunities have never been greater and Teri’s leadership and insight will help accelerate our strategy.”

“I am very excited to be joining Applied Materials, the industry leader and a company that I have long admired,” said Teri Little. “I look forward to working alongside Gary, the legal team and groups throughout the company to pursue new opportunities and markets where Applied can bring unique advantages.”

Prior to her 18 years at KLA, Ms. Little was with the law firms of Wilson Sonsini Goodrich & Rosati, as well as Heller Ehrman White & McAuliffe. She received her J.D. from Stanford University Law School and a B.S. in finance from San Jose State University.

Tom Larkins, senior vice president and general counsel of Applied Materials, announced his decision last fall to retire after leading Applied Materials’ law department since 2012.

“I want to thank Tom for his contributions to Applied Materials. Today, our legal team is better than ever. Tom built a very strong team that is a great partner all across the company. Tom will support Teri during the transition, and I wish him well for the future,” said Dickerson.

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 the technology shaping the future. Learn more at www.appliedmaterials.com.

Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Michael Sullivan (financial community) 408.986.7977


FAQ

Who is Teri Little and what role has she taken at Applied Materials?

Teri Little is the new senior vice president and chief legal officer at Applied Materials, bringing extensive legal experience from KLA Corporation.

What was Tom Larkins' role at Applied Materials before retiring?

Tom Larkins served as senior vice president and general counsel, leading the law department since 2012.

How is Teri Little's experience relevant to Applied Materials?

Her background in managing global legal affairs at KLA Corporation and understanding of the semiconductor industry is critical as Applied Materials pursues AI and big data opportunities.

What impact might the management change have on Applied Materials' strategy?

The change could influence the company's legal strategy and its approach to new market opportunities in AI and big data.
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