Mark Durcan, who became Micron Technology’s CEO just hours after previous CEO and board chairman Steve Appleton died in a plane crash in February 2012, is going to retire.
Micron Technology announced Durcan’s plans Thursday.
Durcan, 55, will continue as CEO while the company’s board of directors looks for a replacement. He was worked at Micron for 32 years.
A special board committee initiated a search for candidates.
“Mark Durcan recently discussed with the board his desire to retire from Micron when the time and conditions were right for the company,” said Robert E. Switz, board chair and member of the search committee, said in a press release.