Lam Research Appoints Doug Bettinger as Executive Vice President and Chief Financial Officer

Lam Research Appoints Doug Bettinger as Executive Vice President and Chief 
Financial Officer 
FREMONT, CA -- (Marketwire) -- 02/26/13 --  Lam Research Corporation
(NASDAQ: LRCX) today announced that effective March 11, Doug
Bettinger will serve as executive vice president and chief financial
officer, succeeding Ernie Maddock. Lam announced Mr. Maddock's
planned departure from the company in January. Mr. Maddock will
assist Mr. Bettinger in the transition process through mid-April. Mr.
Bettinger was formally chief financial officer and senior vice
president of Avago Technologies Limited, a position he held since
2008.  
Mr. Bettinger brings more than 20 years of financial and operational
experience in the semiconductor industry to Lam Research. Prior to
Avago, Mr. Bettinger served as vice president of finance and
corporate controller at Xilinx and chief financial officer at 24/7
Customer, a privately held company. Mr. Bettinger also spent 12 years
at Intel Corporation, where he held numerous senior-level finance and
manufacturing operations positions.  
"I am looking forward to having Doug as a member of our executive
team," stated Martin B. Anstice, Lam's chief executive officer. "His
diverse global experience and proven track record of focusing on
strategy, operational excellence, and growth to deliver solid
financial results makes him the ideal executive to lead Lam's
financial function in the future. We expect Doug's transition will be
seamless to all of our constituents. I want to take this opportunity
to thank Ernie again for continuing to serve as Lam's CFO until Doug
assumes his duties in March," Anstice concluded.  
"Lam's leadership position in the semiconductor equipment market and
commitment to strategic development to fuel growth, makes this an
exciting opportunity," stated Doug Bettinger. "I look forward to
working with Lam's experienced financial team and contributing to the
company's continued success." 
Mr. Bettinger holds a Bachelor's of Science in Economics from the
University of Wisconsin and an MBA in Finance from the University of
Michigan. 
About Lam Research:
 Lam Research Corporation is a major supplier of
innovative wafer fabrication equipment and services to the worldwide
semiconductor industry. For more than 30 years, the Company has
driven continuous improvements in chip performance, power
consumption, and cost, contributing to the global proliferation of
smartphones, computers, tablets, and other electronic products. Lam
Research has been the leading supplier of high-throughput plasma etch
equipment for more than a decade and expanded its product offerings
in 2008 to include single-wafer clean systems. The Company added
thin-film deposition and wafer surface preparation technologies to
its product portfolio in 2012 with the acquisition of Novellus
Systems, Inc. Headquartered in Fremont, Calif., Lam Research
maintains a global network of service facilities throughout North
America, Asia, and Europe to rapidly meet the needs of its global
customer base. It is an S&P 500(R) company whose common stock trades
on the NASDAQ Global Select Market(SM) under the symbol LRCX. For
more information, please visit http://www.lamresearch.com. 
Company Contacts: 
Corporate Communications: 
Ed Rebello
510/572-6603
e-mail: ed.rebello@lamresearch.com  
Investor Relations: 
Shanye Hudson
510/572-4589
e-mail: shanye.hudson@lamresearch.com 
 
 
Press spacebar to pause and continue. Press esc to stop.