Boise, ID—Micron Technology, Inc., appointed Mark Murphy as the company’s executive vice president and chief financial officer, effective April 18, 2022. Micron Technology is a provider of memory and storage solutions.
Murphy brings 25 years of financial and operational leadership to his new role. Moreover, he will oversee Micron’s financial strategy for the company’s next era of growth.
“Mark is a seasoned executive with extensive public company CFO experience, as well as proven large-scale manufacturing expertise. He has a strong track record of driving financial performance at multiple well-established companies in the semiconductor industry,” said Sanjay Mehrotra, Micron’s president and CEO.
“I look forward to Mark’s contributions to our leadership team as we embark on our next chapter of growth; driven by demand for memory and storage solutions across the data center, the intelligent edge as well as a growing range of innovative devices.”
New Executive Vice President/Chief Financial Officer
Murphy reports to Mehrotra. He will oversee Micron’s finance organization, including all finance functions, tax, treasury, internal audit as well as investor relations. In addition, in his new role, he is responsible for driving capital allocation to optimize revenue growth, profitability and shareholder returns.
“Memory and storage are essential to global economic growth. Micron’s leading technology across memory and storage uniquely position the company for success into the next decade,” said Murphy.
“I’m excited to leverage my experience to steer Micron’s financial growth in the coming years. I also look forward to working with Sanjay and the leadership team to fulfill the company’s vision to transform how the world uses information to enrich life for all.”
Previously, Murphy worked at Qorvo, a leader in wireless technologies serving smartphone, defense, Wi-Fi, automotive and broad IoT markets. He was the company’s CFO since 2016. Prior to that, Murphy held multiple finance and operations leadership positions in semiconductor and broader electronics markets. These include CFO at Delphi Automotive; CFO at MEMC Electronic Materials; and president of the Electronics Materials division at Praxair.
In addition, with Murphy’s appointment, interim CFO Sumit Sadana will return full–time to his long-standing role as chief business officer for the company.
“I want to extend my deepest thanks to Sumit for his leadership of our finance organization during our CFO search,” Mehrotra added. “His dedication to leading both our business units and finance teams kept our business on a strong trajectory. I’m delighted to have him back full–time in his chief business officer role.”
Micron Technology, Inc.
With a focus on customers, technology leadership as well as manufacturing and operational excellence, Micron delivers a portfolio of high-performance DRAM, NAND and NOR memory and storage. It does so through the Micron and Crucial brands.