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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
08/26/201603:03:00Cotton Supplier Faced Wal-Mart Scrutiny Before -- WSJ
08/25/201617:58:00Unclear How Investigation Turned Out; No Comment from Wal-Mart
08/25/201614:02:26Statement of Changes in Beneficial Ownership (4)
08/25/201608:50:00Indian Firm Admits 'Error' After Target Cuts Ties Over Cotton...
08/24/201617:10:00More U.S. Retailers Probe Indian Supplier of 'Egyptian Cotton'
08/24/201617:03:00More U.S. Retailers Probe Indian Supplier of 'Egyptian Cotton'
08/24/201616:55:00Bed Bath & Beyond to Audit Egyptian Cotton Supplier -- Update
08/23/201604:30:00Wal-Mart Probes Whether India Company Misrepresented Cotton Sheets
08/22/201609:10:00Target Cuts Ties With India Textile Company
08/17/201618:20:00J.C. Penney to Raise Bet on Private Brands
08/17/201616:15:33JCPENNEY ANNOUNCES STRATEGIC PLANS FOR PROFITABLE GROWTH BEYOND...
08/12/201612:01:00J.C. Penney Reports Narrower Loss, Sales Growth -- 3rd Update
08/12/201611:29:00J.C. Penney Reports Another Loss, Weak Sales Growth -- 2nd Update
08/12/201609:14:00J.C. Penney Reports Another Loss, Weak Sales Growth--Update
08/12/201608:50:00Penney Reports Another Loss, Weak Sales Growth
08/12/201608:28:00J.C. Penney Reports Another Loss, Underwhelming Sales
08/12/201607:45:10Current Report Filing (8-k)
08/12/201607:30:07JCPENNEY REPORTS A 2.2 PERCENT INCREASE IN COMPARABLE SALES FOR...
08/12/201603:03:00Macy's Will Close 100 Additional Stores -- WSJ
08/11/201618:56:00Macy's Fix for Department Store Woes: Fewer Stores--Update

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