UPDATE: Applied Materials Appoints Salehpour to Run EES and Display Groups; Units Will Remain Separate
Applied Materials, Inc. (Nasdaq: AMAT) announced today plans to combine two business units - Energy and Environmental Solutions (EES) and Display - under one leader. Effective November 29, Ali Salehpour will join Applied as group vice president and general manager of the EES and Display groups.
"Trends in mobility and clean energy provide an outstanding platform for Applied Materials to extend our leadership in precision materials engineering, to grow the company and to create value for our stockholders," said Mike Splinter, chairman and CEO of Applied Materials. "We are optimizing our worldwide organization to more effectively and efficiently address the dynamic markets in which we operate. By bringing together these two business units, we believe we can better support our customers' roadmaps and advance our technology for large-area applications."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.