View PDFLam Research Corporation Appoints Terry Bean Vice President, Global Human Resources FREMONT, Calif., May 7, 2001 - Lam Research Corporation (Nasdaq: LRCX) today announced the appointment of Terry Bean as vice president of global human resources. In this capacity, Bean will provide strategic direction and leadership worldwide for human resources. He will report to the Office of the CEO, consisting of James W. Bagley, chairman and CEO, and Stephen G. Newberry, president and COO. Bean brings more than 28 years of executive leadership experience to Lam. Most recently, he held the position of vice president, human resources, at Webvan Group.
Prior to Webvan, Bean served as senior vice president of human resources and corporate services for Office Depot, the world's largest office products company. He was also recruited to build an effective leadership team for the joint venture among Royal Dutch Shell, Texaco, and Saudi Armco-the largest joint venture to date in the energy sector. While serving as senior vice president for the joint venture, he created an enterprise-wide human resources community.
"Terry's experience includes successfully directing the development of comprehensive training and development programs and providing leadership in the areas of employee relations, labor relations, recruiting, compensation, benefits, and corporate policies and procedures on a global basis," said Stephen G. Newberry, president and COO. "We are confident he will become a key contributor on our executive management team in achieving corporate goals and our vision to make Lam a company where successful people want to work."
This press release contains certain forward-looking statements which are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to the Company's ability to achieve corporate objectives and the specific contributions of its personnel to those objectives. Such statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, such as a continued downturn in the semiconductor equipment market affecting existing orders and shipment schedules, and other risks detailed in documents filed with the Securities and Exchange Commission, including specifically the report on Form 10-K for the year ended June 25, 2000, and the Form 10-Q for the quarter ended December 24, 2000. The company undertakes no obligation to update the information in this Press Release.
Lam Research Corporation is a leading supplier of front-end wafer processing equipment and services to the worldwide semiconductor manufacturing industry. The company’s common stock trades on the Nasdaq National Market under the symbol LRCX. Lam’s World Wide Web address is http://www.lamrc.com.