Lam Research Corp. (LRCX) said Tuesday that effective March 11, Doug Bettinger will serve as executive vice president and chief financial officer, succeeding Ernie Maddock.
Lam Research announced Maddock's planned departure from the company last month.
Maddock will assist Bettinger in the transition process through mid-April.
Bettinger was formally chief financial officer and senior vice president of Avago Technologies Ltd. (AVGO), a position he held since 2008. Prior to Avago, he served as vice president of finance and corporate controller at Xilinx Inc. (XLNX) and chief financial officer at 24/7 Customer, a privately held company. Bettinger also spent 12 years at Intel Corp. (INTC), where he held numerous senior-level finance and manufacturing operations positions.
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