MEMC Electronic Materials Inc., the second-largest U.S. maker ofpolysilicon, promoted Brian Wuebbels to chief financial officer,replacing Mark Murphy, who resigned today to take a job at PraxairInc.
Wuebbels was previously a vice president at MEMC, where he'sworked since 2007, the St. Peters, Missouri-based company said instatement today. Murphy will consult with MEMC during thetransition.
Shares of MEMC fell 7.8 percent to $2.13 at the close in NewYork Wednesday, the lowest since November 2001. The companyreported a first-quarter loss May 9 that was 20 times greater thana year earlier as sales fell at its solar energy unit.
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