Report
Abhinav Davuluri
EUR 98.48 For Business Accounts Only

Micron Taps Industry Veteran and SanDisk Co-Founder Sanjay Mehrotra as Next CEO

On April 27, Micron Technology announced that its board of directors appointed Sanjay Mehrotra as CEO, effective May 8, to replace retiring CEO Mark Durcan. We view this move favorably as Mehrotra boasts an impressive resume, having co-founded SanDisk and serving as its CEO from 2011 to 2016. SanDisk was a pioneer in flash storage that was ultimately bought out by Western Digital in 2016 for $16 billion. With Mehrotra at the helm, we believe Micron will continue to broaden its end-market exposur...
Underlying
Micron Technology Inc.

Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch