SANTA CLARA, Calif., November 28, 2012 - 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."
Salehpour brings more than 25 years of industry experience, most recently as a senior vice president at KLA-Tencor Corporation. "Ali has earned a track record of delivering customer satisfaction, growing market share and building high-performance teams," said Gary Dickerson, president of Applied Materials. "Ali's strategic and operational skills will enable him to provide strong leadership and drive growth and profitability across this new organization."
Mark Pinto, executive vice president and general manager of EES, and Tom Edman, group vice president and general manager of Display, have each announced their intention to leave Applied Materials after assisting in a smooth leadership transition. "Mark and Tom have made many valuable contributions to Applied Materials and have been great colleagues. We thank them for their leadership and wish them the best," added Splinter.
Safe Harbor Statement
This release contains forward-looking statements, including those regarding Applied's growth opportunities, and operational efficiencies. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: uncertain global economic conditions, challenging industry conditions, government renewable energy policies and incentives, and customers' requirements; Applied's ability to (i) develop and deliver a broad range of products and expand its markets, (ii) achieve the intended objectives of cost-reduction activities, and (iii) attract, motivate and retain key employees; and other risks described in our most recent current and periodic SEC reports. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof, and Applied undertakes no obligation to update any forward-looking statements.
About Applied Materials
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing innovative equipment, services and software to enable the manufacture of advanced semiconductor, flat panel display and solar photovoltaic products. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world. Learn more at www.appliedmaterials.com.
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