MEMC Promotes Wuebbels to CFO

Previous finance chief, Mark Murphy, resigns to join Praxair.

MEMC Electronic Materials Inc., the second-largest U.S. maker of polysilicon, promoted Brian Wuebbels to chief financial officer, replacing Mark Murphy, who resigned today to take a job at Praxair Inc.

Wuebbels was previously a vice president at MEMC, where he’s worked since 2007, the St. Peters, Missouri-based company said in statement today. Murphy will consult with MEMC during the transition.

Shares of MEMC fell 7.8 percent to $2.13 at the close in New York Wednesday, the lowest since November 2001. The company reported a first-quarter loss May 9 that was 20 times greater than a year earlier as sales fell at its solar energy unit.

Praxair, based in Danbury, Connecticut, produces and sells gases including oxygen and helium.

 

 


Bloomberg News


 

Copyright 2014 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.