Lam Research Says Chairman Retires, Newberry Appointed as Successor

Lam Research Corporation LRCX today announced that James W. Bagley, who has served as the company's chairman of the board of directors for the last 15 years, has decided to retire from the industry, including his position on Lam's board, effective as of the company's annual meeting of stockholders which will be held on November 1, 2012. The board appointed Lam's current vice-chairman, Stephen G. Newberry, to succeed Bagley as chairman upon Mr. Newberry's reelection to the board at the annual meeting.