Boise, ID, United States (AHN) – Micron CEO Steve Appleton died Friday after a small plane he was piloting crashed shortly after takeoff at the Boise airport.
Appleton, 51, an experienced and accomplished stunt pilot, was the only person in the aircraft. He died after being ejected.
On Saturday Micron named Mark Duncan as its new CEO.
In a statement, Durcan said, “We are deeply saddened by Steve’s loss and will miss his hand at the helm. I have provided the Board my ongoing commitment to work with the management team and continue to move the company forward.”
Micron was founded in 1978. It is a leading maker of flash memory and sensor chips. Appleton had been the company’s chairman and CEO since 1994.
Though the Boise-headquartered company struggled in the rough economic climate, under Appleton’s leadership the company maintained its position as one of the top 20 global semiconductor manufactures in terms of sales. During Appleton’s tenure, Micron and Intel jointly invented and produced NAND flash memory.
Trading in Micron was suspended Friday following the news of Appleton’s death, but resumed Monday. Just before noon, shares were lower by 2.5 percent at $7.75 per share.
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