Lam Research Corp. (NASDAQ: LRCX) has appointed Ita Brennan and Mark Fields to its board of directors, effective August 30, 2024. Brennan, who brings significant senior executive-level financial management expertise in the technology industry, was most recently the senior vice president and chief financial officer (CFO) of Arista Networks. On the other hand, Fields, a senior advisor at TPG Capital LP, a global alternative asset firm, brings decades of executive-level business acumen and experience across diverse industries.
Brennan's prior CFO roles at Quantumscape Corporation and Infinera Corporation, along with her experience at Maxtor Corporation, bring a wealth of financial expertise to the board. Additionally, she has served as a board member at Cadence Design Systems and Planet Labs PBC.
Fields, with a B.A. in Economics from Rutgers University and an M.B.A. from Harvard Business School, has held numerous leadership roles at Ford Motor Company, where he eventually 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.
Abhijit Talwalkar, Chairman of the Board at Lam Research, expressed his pleasure in welcoming Ita and Mark to the board. He highlighted their deep global leadership experience and proven capabilities in operational and financial excellence, which will be valuable as Lam continues to drive toward long-term growth.
Lam Research Corporation, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, is a Fortune 500® company headquartered in Fremont, Calif., with operations around the globe.
The company's recent board appointments reflect its commitment to strengthening its leadership with individuals who bring diverse expertise and experience to the table. Today the company's shares have moved 3.0% to a price of $821.01. Check out the company's full 8-K submission here.
