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Tech's Top Turnaround Artists

By Bloomberg Rankings and Marcus Chan - 2013-10-18T00:20:24Z

Photograph by Yoshikazu Tsuno/AFP via Getty Images

Company Symbol % Change
10 of 22

12. Mark Durcan, Micron Technology

Before: Micron's total return was down 23.6 percent in the two years before the company announced Mark Durcan would be the new CEO. By comparison, the S&P 500's total return was 25 percent during that same period.

After: Since Durcan's appointment in February 2012, Micron's stock had a total return of 126.6 percent as of Oct. 11. By comparison, the S&P 500 had a total return of 34.4 percent during the same period.

Durcan, who was promoted to the top job last year when his predecessor Steve Appleton died in a plane crash, oversaw Micron's acquisition of Japanese rival Elpida Memory. The deal has created optimism that Micron, and the computer memory industry in general, is in a better position to handle the market's wild swings that have made profitability difficult to sustain.

Underscoring that, Micron recently reported only its second quarterly profit in the last nine periods.