Micron Technology, a leading player in memory and storage solutions, announced that it is appointing Mark Murphy as the company’s executive vice president and chief financial officer effective April 18, 2022.
Murphy, with 25 years of financial and operational leadership to the role, will oversee Micron’s financial strategy for the company’s next era of growth, said a company release.
“Mark is a seasoned executive with extensive public company CFO experience, and 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 Micron President and CEO Sanjay Mehrotra.
Murphy will report to Mehrotra and oversee Micron’s finance organization, including all finance functions, tax, treasury, internal audit and investor relations. He will be responsible for driving capital allocation to optimize revenue growth, profitability and shareholder returns.
Murphy will be joining Micron from Qorvo, a semiconductor company in wireless technologies serving smartphone, defense, Wi-Fi, automotive and broad IoT markets where he has been CFO since 2016.
Prior to his tenure at Qorvo, Murphy held multiple finance and operations leadership positions in semiconductor and broader electronics markets, including CFO at Delphi Automotive, CFO at MEMC Electronic Materials, and president of the Electronics Materials division at Praxair.
With Murphy’s appointment, interim CFO Sumit Sadana will return full time to his long-standing role as chief business officer for the company.