Sunday, February 5, 2012

6,000 Micron Employees to Return to Work in Shadow of Appleton's Death

Posted By on Sun, Feb 5, 2012 at 11:55 AM

Mark Durcan was elected as Microns new CEO by the companys board on Saturday.
  • Mark Durcan was elected as Micron's new CEO by the company's board on Saturday.

Nearly 6,000 men and women are expected to return to work at Micron's Boise facility tomorrow morning after the loss of the company's CEO Steve Appleton.

Mark Durcan, their new boss, has taken over the reins of one of Idaho's largest private employers following Friday's plane crash at the Boise Airport, which killed Appleton.

Durcan had announced on Jan. 27 that he would retire in August, stepping down from his position of president and chief operating officer. Durcan was named interim CEO late Friday, and on Saturday, Micron's board of directors formally appointed him to the position on a permanent basis. The Saturday announcement made no mention of Durcan's earlier retirement plans.

"Mark has been instrumental in Micron's success in his role as president and chief operating officer and has garnered the respect of the company, his team members and the industry at large," said Robert Switz, Micron's new board chairman. Switz, a director with the company since 2006 was elected to chairman on Saturday.

Shortly before Friday's formal announcement of Appleton's death, Micron stock was suspended on the NASDAQ exchange. Tomorrow morning, Micron will begin trading at $7.95 a share. In Feb. 2011, Micron was trading at $11.70, but in Oct. 2011, it traded as low as $4.33.

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