Micron stock remained steady on the NASDAQ exchange in the wake of an unexpected announcement that Mark Adams, President of the Boise-based company, would step down from his post due to personal health reasons.
In its brief announcement,
Micron said Adams, who joined the company in June of 2006, would resign effective February 1st. In his nearly ten years with the company, Adams served as Chief Financial Officeer, Vice President of Digital Media and Vice President of Worldwide Sales, before becoming Micron President in February 2012, shortly after the death of Micron CEO Steve Appleton in a plane crash
near the Boise Airport,
"Mark has been a stellar leader and contributor to Micron's growth and success during his time with the company," wrote Micron CEO Mark Durcan said in a statement. "We thank him for his dedication and service and wish him the very best with his recovery and into the future."
At the close of business on the NASDAQ exchange Monday, Micron was trading near $14 per share.