Applied Materials (NASDAQ:AMAT) will have a new man leading the company starting next month. The firm announced that it has appointed its current president, Gary Dickerson, to be its CEO, replacing Michael Splinter, who will continue to be board chairman. Dickerson will move to his new position on September 1 while continuing to be company president.
Concurrent with his ascension to the CEO job, Dickerson will become a director of the company.
The company's chief executive-to-be has been at the firm since 2011, when it acquired his employer Varian Semiconductor Equipment Associates. He was CEO at that company for seven years. Prior to that, he worked at KLA-Tencor for 18 years, eventually becoming its COO.
Splinter has been Applied Materials' CEO since 2003, and was named board chairman in 2009.