MEMC has extended its chief financial officer position to Mark Murphy, who will take over for current CFO Tim Oliver. Oliver will remain with MEMC through the end of 2011’s first quarter in a non-executive role, but plans to leave the company for the pursuit of other interests. In addition to his role as CFO at MEMC, Murphy will also take on the role of senior vice president. The transition will be effective on January 10, 2011.
“We are extremely pleased to have Mark join the MEMC leadership team at a key time for the company,” said Ahmad Chatila, MEMC’s CEO. “His experiences running large global technology businesses will make him a strong and valuable partner to our businesses as they grow.”
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Murphy joins MEMC from Praxair where he was most recently vice president and controller. In his roles at Praxair, Murphy oversaw external financing reporting, financial planning and analysis and functional effectiveness of the global finance organization. Between 2000 and 2008, Murphy served in financial and business positions, including Praxair Asia’s vice president of finance and Praxair Electronics finance director. Before beginning his tenure with Praxair, Murphy was a senior financial analyst with ExxonMobil Treasury.