Lam Re­search CEO quits fol­low­ing mis­con­duct charges

Tim Archer will take over as semi­con­duc­tor com­pany’s CEO

The Mercury News Weekend - - DATA - By Rex Crum [email protected] ba­yare­anews­group.com Con­tact Rex Crum at 408278-3415.

Semi­con­duc­tor equip­ment maker Lam Re­search said Chief Ex­ec­u­tive Mar­tin An­stice re­signed late Wed­nes­day fol­low­ing al­le­ga­tions of mis­con­duct at the Fre­mont- based com­pany.

In a state­ment, Lam said that An­stice agreed to step down “as the com­pany in­ves­ti­gates al­le­ga­tions of mis­con­duct in the work­place and con­duct in­con­sis­tent with the com- pany’s core val­ues, in­clud­ing al­le­ga­tions about Mr. An­stice.” Lam didn’t dis­close the na­ture of the al­le­ga­tions, other than to say they didn’t in­volve any kind of cor­po­rate fi­nan­cial malfea­sance on An­stice’s part.

Lam said it had ap­pointed Chief Op­er­at­ing Of­fi­cer Tim Archer to re­place An­stice as the com­pany’s CEO. Archer will also take over as Lam’s pres­i­dent and join the com­pany’s board of di­rec­tors.

When asked if the al­le­ga­tions against An­stice stemmed from sex­ual ha­rass­ment, or any other work­place- in­tim­i­da­tion charges, a Lam spokesper­son said that the com­pany had no com­ment be­yond its state­ment.

How­ever, in that state­ment, Lam’s lead in­de­pen­dent di­rec­tor, Abhi Tal­walkar, hinted at a work­place sit­u­a­tion in which an em­ployee’s safety may have been in ques­tion, and stressed that Lam has a “com­mit­ment to pro­vide a safe and pos­i­tive work en­vi­ron­ment where each of our em­ploy­ees has the op­por­tu­nity to thrive.”

“Lam Re­search takes all al­le­ga­tions of mis­con­duct se­ri­ously,” Tal­walkar said. “The com­pany has poli­cies in place to sup­port and en­force this com­mit­ment.”

Lam said that it used an ex­ter­nal law firm as part of its in­ves­ti­ga­tion into An­stice’s be­hav­ior, and that he is leav­ing the com­pany without any sev­er­ance ben­e­fits.

An­stice’s res­ig­na­tion fol­lows sim­i­lar CEO shake­ups among sev­eral lead­ing chip com­pa­nies.

In June, Brian Krzanich stepped down as CEO at In­tel af­ter it be­came pub­lic he had had an in­ap­pro­pri­ate re­la­tion­ship with an­other In­tel em­ployee. Soon af­ter that, Ram­bus fired its CEO, Ron Black, for vi­o­lat­ing the com­pany’s code of con­duct. In July, Brian Crutcher re­signed as CEO of Texas In­stru­ments due to sim­i­lar code of con­duct vi­o­la­tions.

An­stice

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