Wafer Materials Company, MEMC Heads Off Rumours Of CEO Departure
MEMC Electronic Materials has issued
a statement to correct misinformation which has come to the company's
attention.
"We have been made aware of
rumors relating to the company which may be causing concern," said John
Marren, Chairman of the MEMC Board of Directors, "and we wish to make it
absolutely clear that Ahmad Chatila remains our CEO. The MEMC Board has been actively engaged in
the ongoing review of the company's performance and has taken appropriate
action when necessary or desirable," Marren continued.
"The restructuring led by Ahmad
and management announced in December 2011 is reflective of this engagement, but
the announced restructuring was not the end of our work. Our markets remain challenging and so our
efforts to improve performance and drive shareholder value continue
unabated. We are committed to working
with Ahmad and management to drive results," concluded Marren.
