Micron on Friday appointed President and COO Mark Durcan as interim CEO of the company until a successor is named by the Board of the Directors, and it didn't take them long to find their leader. On Saturday, Micron made the promotion permanent. Mr. Durcan, 51, held his previous roles with the company since 2007, and was the logical choice to succeed Steve Appleton, also 51, who perished in a plane crash last week.
Micron Chairman and Chief Executive Officer, Steve Appleton, passed away this morning after a small plane he was piloting crashed at an airport in Boise, Idaho. Appleton, 51, joined Micron not long after his graduation in 1983. He started out on the factory floor and worked his way up to the top when, at age 34, he became the third youngest CEO in the Fortune 500.