MEMC Says Ahmad Chatila Remains CEO


MEMC Electronic Materials Inc. has issued a statement to correct what it says are rumors and misinformation concerning the company's personnel and plans.

‘We wish to make it absolutely clear that Ahmad Chatila remains our CEO,’ says John Marren, chairman of the MEMC board of directors. ‘The MEMC board has been actively engaged in the ongoing review of the company's performance and has taken appropriate action when necessary or desirable.

‘The restructuring led by Ahmad and management announced in December 2011 is reflective of this engagement, but the announced restructuring was not the end of our work,’ Marren continues. ‘Our markets remain challenging, and so our efforts to improve performance and drive shareholder value continue unabated.’

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