The board of directors has engaged an executive search firm to indentify and vet candidates to take over the chief executive position. Micron added that no set time had been established for the process and that Durcan will continue to serve as CEO and will assist in the search and in the subsequent leadership transition.
Mark Durcan, aged 55 years, joined Micron in June 1984 as a diffusion engineer and took a number of increasingly responsible roles at the company. He was chief technology officer form June 1997 to February 2006 and chief operating officer from February 2006 to February 2012. This was when he stepped up to take over the top job when CEO Steve Appleton died in a plane crash. Appleton had been piloting an experimental fixed-wing plane when it crashed at Boise airport.
"Mark Durcan recently discussed with the board his desire to retire from Micron when the time and conditions were right for the company," said Robert Switz, chairman of the board and a member of the search committee, in a statement. "As CEO, he has successfully guided Micron's strategy and growth for the past five years and has allowed the company to initiate this transition from a position of strength.
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