Lam Research Appoints Ita Brennan and Mark Fields to Board of Directors
Lam Research Corp. (Nasdaq: LRCX) has appointed Ita Brennan and Mark Fields to its board of directors, effective August 30, 2024. Brennan, former CFO of Arista Networks, brings extensive financial management expertise in the technology sector. Fields, a senior advisor at TPG Capital LP, offers decades of executive-level business acumen across various industries.
Brennan's background includes CFO roles at QuantumScape and Infinera, as well as board positions at Cadence Design Systems and Planet Labs PBC. Fields previously served as interim CEO of Hertz Global Holdings and held leadership roles at Ford Motor Company, including President and CEO. He currently serves on several boards, including QUALCOMM and Hertz Global Holdings.
Both appointees are expected to contribute valuable operational and financial expertise to support Lam Research's long-term growth strategy.
Lam Research Corp. (Nasdaq: LRCX) ha nominato Ita Brennan e Mark Fields nel suo consiglio di amministrazione, con effetto dal 30 agosto 2024. Brennan, ex CFO di Arista Networks, porta un’ampia esperienza nella gestione finanziaria nel settore tecnologico. Fields, consulente senior di TPG Capital LP, offre decenni di esperienza imprenditoriale a livello esecutivo in vari settori.
Il percorso professionale di Brennan include ruoli di CFO in QuantumScape e Infinera, così come posizioni nel consiglio di amministrazione di Cadence Design Systems e Planet Labs PBC. Fields ha precedentemente ricoperto il ruolo di CEO ad interim di Hertz Global Holdings e ha svolto ruoli dirigenziali presso la Ford Motor Company, inclusi quelli di Presidente e CEO. Attualmente, è membro di diversi consigli di amministrazione, tra cui QUALCOMM e Hertz Global Holdings.
Entrambi i nuovi membri sono attesi a contribuire con preziose competenze operative e finanziarie a supporto della strategia di crescita a lungo termine di Lam Research.
Lam Research Corp. (Nasdaq: LRCX) ha nombrado a Ita Brennan y Mark Fields para su junta directiva, efectiva desde el 30 de agosto de 2024. Brennan, ex CFO de Arista Networks, aporta una vasta experiencia en gestión financiera en el sector tecnológico. Fields, asesor senior en TPG Capital LP, ofrece décadas de conocimientos empresariales a nivel ejecutivo en diversas industrias.
El historial de Brennan incluye roles como CFO en QuantumScape e Infinera, así como posiciones en la junta de Cadence Design Systems y Planet Labs PBC. Fields anteriormente se desempeñó como CEO interino de Hertz Global Holdings y ocupó cargos de liderazgo en Ford Motor Company, incluidos los de Presidente y CEO. Actualmente forma parte de varias juntas, incluidas QUALCOMM y Hertz Global Holdings.
Se espera que ambos nombrados contribuyan con valiosas pericias operativas y financieras para apoyar la estrategia de crecimiento a largo plazo de Lam Research.
Lam Research Corp. (Nasdaq: LRCX)는 Ita Brennan과 Mark Fields를 이사의 일원으로 임명했다고 발표했습니다. 이들은 2024년 8월 30일부터 효력이 발생합니다. Brennan은 Arista Networks의 전 CFO로서 기술 분야에서 광범위한 재무 관리 전문성을 보유하고 있습니다. Fields는 TPG Capital LP의 수석 고문으로, 다양한 산업에서 수십 년의 경영 경험을 제공합니다.
Brennan의 경력에는 QuantumScape 및 Infinera의 CFO 역할은 물론 Cadence Design Systems 및 Planet Labs PBC 이사회의 직책이 포함되어 있습니다. Fields는 이전에 Hertz Global Holdings의 임시 CEO를 역임했으며 Ford Motor Company에서 사장 및 CEO를 포함한 리더십 역할을 수행했습니다. 현재 그는 QUALCOMM 및 Hertz Global Holdings를 포함한 여러 이사회에서 활동하고 있습니다.
두 명의 신규 임원은 Lam Research의 장기 성장 전략을 지원하기 위해 귀중한 운영 및 재무 전문성을 기여할 것으로 기대됩니다.
Lam Research Corp. (Nasdaq: LRCX) a nommé Ita Brennan et Mark Fields à son conseil d'administration, avec effet le 30 août 2024. Brennan, ancienne CFO d'Arista Networks, apporte une vaste expertise en gestion financière dans le secteur technologique. Fields, conseiller senior chez TPG Capital LP, possède des décennies de savoir-faire stratégique de haut niveau dans divers secteurs.
Le parcours de Brennan comprend des postes de CFO chez QuantumScape et Infinera, ainsi que des postes au sein des conseils d'administration de Cadence Design Systems et Planet Labs PBC. Fields a précédemment été PDG par intérim de Hertz Global Holdings et a occupé des postes de direction chez Ford Motor Company, y compris ceux de président et PDG. Il siège actuellement à plusieurs conseils, dont QUALCOMM et Hertz Global Holdings.
Les deux nouveaux membres sont censés apporter une précieuse expertise opérationnelle et financière pour soutenir la stratégie de croissance à long terme de Lam Research.
Lam Research Corp. (Nasdaq: LRCX) hat Ita Brennan und Mark Fields in seinen Vorstand berufen, geltend ab dem 30. August 2024. Brennan, ehemalige CFO von Arista Networks, bringt umfangreiche Erfahrungen im Finanzmanagement im Technologiebereich mit. Fields, Senior Advisor bei TPG Capital LP, verfügt über jahrzehntelange Führungserfahrung in verschiedenen Branchen.
Brennans Hintergrund umfasst CFO-Positionen bei QuantumScape und Infinera sowie Positionen im Vorstand von Cadence Design Systems und Planet Labs PBC. Fields war zuvor interimistischer CEO von Hertz Global Holdings und hatte Führungspositionen bei Ford Motor Company inne, einschließlich der Rolle als Präsident und CEO. Derzeit ist er in mehreren Vorständen tätig, darunter bei QUALCOMM und Hertz Global Holdings.
Es wird erwartet, dass beide Ernannten wertvolle operative und finanzielle Expertise einbringen, um die langfristige Wachstumsstrategie von Lam Research zu unterstützen.
- Addition of two experienced executives to the board of directors
- Brennan brings extensive financial management expertise in the technology sector
- Fields offers decades of executive-level business experience across diverse industries
- New board members expected to contribute to Lam Research's long-term growth strategy
- None.
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
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
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)
View original content to download multimedia:https://www.prnewswire.com/news-releases/lam-research-appoints-ita-brennan-and-mark-fields-to-board-of-directors-302235293.html
SOURCE Lam Research Corporation
FAQ
Who are the new board members appointed to Lam Research (LRCX)?
What is Ita Brennan's background before joining Lam Research's (LRCX) board?
What is Mark Fields' professional experience prior to joining Lam Research's (LRCX) board?
How are the new board members expected to contribute to Lam Research (LRCX)?
