Updated: February 4th, 2012
- Oil rises to near $92 ahead of Iran nuclear talks
- Trial of ex-P&G, Goldman board member starts in NY
- Chinese tycoon jailed after death sentence revoked
- EU gives Google ’weeks’ to ease antitrust concerns
- Barclays to sell $6.1BN stake in BlackRock
- DaVita to buy HealthCare Partners in $4.42B deal
- Lowe’s 1Q profit up, but cuts 2012 profit outlook
- Europe stocks inch up after G8 vague on Europe fix
- World stock markets edge up after G-8 summit
- Ryanair posts record profit, cautious on outlook
The move comes hours after CEO and Chairman Steve Appleton died in a plane crash at the Boise Airport. Appleton was flying an experimental plane Friday morning and crashed moments after takeoff.
Micron officials say the board of directors will meet this weekend to name a permanent CEO.
Durcan is the second ranking executive at the memory chip maker. Last week he announced his intention to step down in August.
He called Appleton a true friend who will be missed by everyone in the Micron community.
Durcan joined Micron in 1984, rose through the engineering ranks and was named COO in 2006 and president in 2007.