Micron Announces Changes to its Board of Directors
Micron Technology (MU) announced significant leadership changes as Board Chair Bob Switz will retire at the annual shareholders meeting on January 16, 2025. The Board unanimously approved CEO Sanjay Mehrotra as the new Board Chair and Lynn Dugle as Lead Independent Director. Since joining the Board in 2006 and becoming Chair in 2012, Switz helped drive strong governance and strategy, with the company increasing revenues over five times. Under Mehrotra's leadership since 2017, Micron has become a technology, product, and manufacturing leader, introducing multiple generations of DRAM and NAND ahead of competitors.
Micron Technology (MU) ha annunciato importanti cambiamenti nella leadership, poiché il Presidente del Consiglio Bob Switz si ritirerà durante l'assemblea annuale degli azionisti il 16 gennaio 2025. Il Consiglio ha approvato all'unanimità il CEO Sanjay Mehrotra come nuovo Presidente del Consiglio e Lynn Dugle come Direttore Indipendente Principale. Da quando è entrato nel Consiglio nel 2006 e diventato Presidente nel 2012, Switz ha contribuito a promuovere una forte governance e strategia, portando l'azienda a quintuplicare i ricavi. Sotto la guida di Mehrotra dal 2017, Micron è diventata un leader in tecnologia, prodotti e produzione, introducendo più generazioni di DRAM e NAND prima dei concorrenti.
Micron Technology (MU) anunció cambios significativos en el liderazgo, ya que el Presidente de la Junta, Bob Switz, se retirará en la reunión anual de accionistas el 16 de enero de 2025. La Junta aprobó unánimemente al CEO Sanjay Mehrotra como nuevo Presidente de la Junta y a Lynn Dugle como Directora Independiente Principal. Desde que se unió a la Junta en 2006 y se convirtió en Presidente en 2012, Switz ayudó a impulsar una sólida gobernanza y estrategia, logrando que la empresa aumentara sus ingresos más de cinco veces. Bajo el liderazgo de Mehrotra desde 2017, Micron se ha convertido en un líder en tecnología, productos y fabricación, introduciendo múltiples generaciones de DRAM y NAND antes que sus competidores.
Micron Technology (MU)는 이사회 의장인 Bob Switz가 2025년 1월 16일 연례 주주총회에서 은퇴할 것이라고 발표했습니다. 이사회는 CEO인 Sanjay Mehrotra를 새로운 이사회 의장으로, Lynn Dugle를 수석 독립 이사로 만장일치로 승인했습니다. 2006년 이사회에 합류하고 2012년에 의장이 된 이후, Switz는 강력한 거버넌스와 전략을 추진하는 데 도움을 주었고, 이 회사의 수익은 5배 이상 증가했습니다. 2017년부터 Mehrotra의 지도 아래, Micron은 기술, 제품 및 제조의 선두주자가 되었으며, 경쟁업체보다 앞서 여러 세대의 DRAM과 NAND를 도입했습니다.
Micron Technology (MU) a annoncé des changements significatifs dans la direction, puisque le Président du Conseil Bob Switz prendra sa retraite lors de l'assemblée générale des actionnaires le 16 janvier 2025. Le Conseil a approuvé à l'unanimité le PDG Sanjay Mehrotra en tant que nouveau Président du Conseil et Lynn Dugle en tant que Directrice Indépendante Principale. Depuis qu'il a rejoint le Conseil en 2006 et est devenu Président en 2012, Switz a contribué à promouvoir une bonne gouvernance et une stratégie efficace, permettant à l'entreprise d'augmenter ses revenus de plus de cinq fois. Sous la direction de Mehrotra depuis 2017, Micron est devenu un leader en matière de technologie, de produits et de fabrication, introduisant plusieurs générations de DRAM et de NAND avant ses concurrents.
Micron Technology (MU) gab bedeutende Führungswechsel bekannt, da der Vorsitzende des Vorstands Bob Switz auf der Jahreshauptversammlung am 16. Januar 2025 zurücktreten wird. Der Vorstand hat den CEO Sanjay Mehrotra einstimmig als neuen Vorsitzenden des Vorstands und Lynn Dugle als leitende unabhängige Direktorin genehmigt. Seit seinem Eintritt in den Vorstand im Jahr 2006 und seiner Ernennung zum Vorsitzenden im Jahr 2012 hat Switz dazu beigetragen, eine starke Unternehmensführung und Strategie voranzutreiben, wodurch die Einnahmen des Unternehmens mehr als verfünffacht wurden. Unter der Leitung von Mehrotra seit 2017 ist Micron zu einem führenden Unternehmen in Technologie, Produkten und Fertigung geworden und hat mehrere Generationen von DRAM und NAND vor den Wettbewerbern eingeführt.
- Revenue growth of over 5x during Switz's tenure as Board Chair
- Successful product leadership with multiple generations of DRAM and NAND ahead of competitors
- Strong market position in memory and storage for AI applications
- None.
BOISE, Idaho, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced that Robert (Bob) Switz, its current Board Chair, will retire at the annual shareholders meeting on Jan. 16, 2025. The Board has unanimously approved the appointment of Micron’s President and CEO, Sanjay Mehrotra, to serve as Board Chair and Lynn Dugle as Lead Independent Director following the annual shareholders meeting.
Switz joined Micron’s Board of Directors in 2006 and was named Chair in 2012. With broad experience, a clear-headed approach and exceptional business acumen, Switz has been a leading voice in driving strong governance and the company’s successful strategy. Throughout his tenure, Micron introduced many industry-first products and increased revenues over five times. Also, Switz was instrumental in recruiting Mehrotra as the company’s CEO in 2017.
“Bob has been an invaluable partner and advisor to Micron for nearly 20 years, and I am deeply grateful to him for his leadership and counsel,” said Mehrotra. “On behalf of my fellow board members and the over 48,000 team members at Micron, I want to thank him for all his contributions. During his tenure, Micron has gained tremendous momentum and is now a recognized leader in the memory and storage industry. I am honored to succeed Bob as the Board Chair, and I look forward to working with Lynn Dugle and the rest of the Micron Board to continue to advance Micron’s market leadership position and financial strength.”
“I have thoroughly enjoyed my time serving on the Micron Board, and I’m grateful for the opportunity to have worked alongside many talented executives as we expanded the company’s global footprint and product portfolio,” said Switz. “Memory and storage are essential to the growth of AI in the digital economy, and Micron holds the strongest competitive position in its history. Working with Sanjay to take Micron, an iconic American company, to industry leadership has been very rewarding.”
Since joining Micron in 2017 as President and CEO, Mehrotra has transformed the company into a technology, product, and manufacturing leader. During his time as CEO, the company has introduced multiple generations of both DRAM and NAND ahead of its competitors and delivered the best products in the industry acknowledged for their world-class quality. Mehrotra has been widely recognized for his leadership and contributions to the memory and storage industry.
“Sanjay has done an outstanding job of transforming Micron and creating value for all stakeholders. I am confident that in this expanded role, Sanjay will lead the company to new heights,” said Switz.
Dugle joined the Board in 2020 and has over 30 years of experience in the defense, intelligence, and technology industries. She currently serves on Micron’s Governance and Sustainability and Security Committees and previously served on the Audit Committee and as Chair of the Security Committee.
“I congratulate Bob on his retirement, and I’m grateful to him for his consensus-minded leadership,” said Dugle. “Being selected as lead independent director is an honor and a great responsibility, and I am excited to step into this role and partner with Sanjay, my fellow board members and the company’s management team to help realize the company's potential.”
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 (AI) and compute-intensive 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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