Applied Materials, Inc. today announced that Dan Durn, Senior Vice President and Chief Financial Officer (CFO), is departing the company on Oct. 15 to become the CFO at Adobe Inc.
Former Applied Materials CFO Bob Halliday has been appointed interim CFO and is serving in the role until a successor is in place.
“Over the past four years, Dan has made substantial contributions to Applied as we have delivered strong, profitable growth,” said Gary Dickerson, President and CEO of Applied Materials. “We wish Dan every success for the future.”
“I’m proud of the excellent financial results and shareholder returns we’ve delivered,” said Dan Durn. “It has been an honor to lead the outstanding finance team at Applied.”
Applied’s guidance for the fourth quarter of fiscal 2021 is unchanged.