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MEMC Finance Chief Murphy To Return To Praxair

DOW JONES NEWSWIRES MEMC Electronic Materials Inc. (WFR) Chief Financial Officer Mark Murphy has left the semiconductor company to return to Praxair Inc. (PX), where he will head the industrial-gas provider's surface-technologies business. MEMC, a provider of components for chips and solar cells, named executive Brian Wuebbels to succeed Murphy Wednesday, picking an executive who has worked with the company since 2007, most recently as the general manager of its balance-of-system products for solar panels. Wuebbels also has run the company's solar-wafer-manufacturing unit. He previously worked as finance chief for Honeywell International Inc.'s (HON) sensing-and-controls business and has held other posts at General Electric Co. (GE). MEMC has faced increasing threats to its top line in the past year as uncertainty shakes up the solar industry. In December, the company revealed plans to reduce its total workforce by 20% in response to market conditions. Its latest management change follows the departure of Ken Hannah, MEMC's former president of solar energy, who left earlier this year to become chief financial officer at J.C. Penney Co. (JCP). Murphy, who previously led Praxair's electronics division, will continue to work with MEMC in a consulting role during the CFO transition. MEMC shares were recently off a penny at $2.12 after hours. The stock has declined 80% over the past year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
06/30/201616:54:37Statement of Changes in Beneficial Ownership (4)
06/27/201617:11:34Annual Report of Employee Stock Plans (11-k)
06/27/201616:10:00Forever 21 Shipping Firm Drops Retailer, Citing Slow Business
06/24/201606:13:57Current Report Filing (8-k)
06/23/201616:20:28JCPENNEY ANNOUNCES SUCCESSFUL CLOSING OF REAL ESTATE TERM LOAN...
06/16/201617:08:09Statement of Changes in Beneficial Ownership (4)
06/13/201616:42:07Statement of Changes in Beneficial Ownership (4)
06/09/201616:30:26Current Report Filing (8-k)
06/09/201616:20:36JCPenney Announces Pricing of Offering of Senior Secured Notes
06/09/201607:32:13Current Report Filing (8-k)
06/08/201616:15:10JCPENNEY CEO MARVIN ELLISON TO PRESENT AT PIPER JAFFRAY CONSUMER...
06/03/201617:04:00Statement of Changes in Beneficial Ownership (4)
06/03/201617:02:44Statement of Changes in Beneficial Ownership (4)
06/02/201616:52:06Current Report Filing (8-k)
06/01/201617:22:21Statement of Changes in Beneficial Ownership (4)
06/01/201610:02:27Current Report Filing (8-k)
06/01/201608:00:51JCPENNEY ANNOUNCES PLANS TO REFINANCE $2.25 BILLION REAL ESTATE...
05/31/201616:23:36Specialized Disclosure Report (sd)
05/31/201616:21:24Quarterly Report (10-q)
05/26/201617:03:43Statement of Changes in Beneficial Ownership (4)

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