Micron Announces CFO Transition
Micron Technology, Inc. (Nasdaq: MU) announced the resignation of David Zinsner, the executive vice president and chief financial officer, effective immediately. Zinsner is leaving to join Intel Corporation as its CFO. In the interim, Sumit Sadana, currently the executive vice president and chief business officer, has been appointed as the interim CFO while a formal search for a new CFO is underway. Micron's financial guidance for the second quarter of fiscal 2022 remains unchanged, with the company expressing confidence in its strong financial position for continued growth.
- Appointment of Sumit Sadana as interim CFO ensures continuity in financial leadership.
- Financial guidance for Q2 2022 remains unchanged, indicating stability.
- Resignation of CFO David Zinsner may create uncertainty during the transition period.
Executive Vice President and Chief Business Officer Sumit Sadana appointed to additional role of interim CFO
BOISE, Idaho, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq: MU) today announced that David Zinsner, executive vice president and chief financial officer, has resigned from the company. Zinsner started at Micron in February 2018 and is departing to join Intel Corporation as its CFO.
A formal search for a new CFO has actively commenced. Micron has appointed Executive Vice President and Chief Business Officer Sumit Sadana to the additional role of interim CFO with immediate effect through the transition period.
“Micron’s strong financial position is the result of the transformation we have driven, and we enter calendar year 2022 with confidence for continued growth,” said Micron President and CEO, Sanjay Mehrotra. “We appreciate the contributions Dave has made to the company and the solid capabilities of his finance leadership team who have helped support Micron through our evolution.”
Micron’s financial guidance for the second quarter of fiscal 2022 remains unchanged.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
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