Gary Dickerson, president of leading semiconductor equipment vendor Applied Materials Inc., will become CEO of the company with effect from Sept. 1.
Dickerson takes over from Michael Splinter, who has served the company as CEO since 2003. Splinter, who is 62 years old, will continue to serve the company as executive chairman. Dickerson has also been elected to join the Applied Materials board of directors.
Dickerson, aged 56, is a semiconductor equipment industry veteran. He served as CEO of Varian Semiconductor Equipment Associates for seven years until its acquisition by Applied in 2011. Prior to that, Dickerson spent 18 years at KLA-Tencor Corp. where he rose to the position of president and chief operating officer.
From left to right: Mike Splinter, who becomes executive chairman of Applied Materials, and Gary Dickerson, who becomes CEO, with effect from Sept. 1.
During Splinter's tenure, the semiconductor equipment industry has suffered from the trend towards fab-lite and fabless chip companies and variable capital expenditure. Under his leadership, Applied Materials underwent a period of diversification into such areas as equipment for manufacturing photovoltaics, and the company did lose its long-held No. 1 position to lithography equipment maker ASML Holding NV. Nonetheless, Applied Materials regained the No. 1 position in 2012. (See: Applied Materials back on top in chip equipment.)
"Today, Applied Materials enjoys a stronger foundation than ever before on which to build momentum for growth," said Dickerson in press release issued by Applied Materials. "We have better and broader technology, very deep talent and the passion to drive the materials innovation that will provide the device performance and yield solutions our customers need to advance and win."
Prior to joining Applied Materials in 2003, Splinter worked for nearly 20 years at Intel Corp. where he had served as executive vice president responsible for the technology and manufacturing Group. This fall, Splinter will receive the Semiconductor Industry Association's 2013 Robert Noyce Award for his achievements.