Lam Research makes key appointments
Lam Research (NASDAQ:LRCX) appoints Pat Lord moving into the newly created position of executive VP and COO, effective March 1, 2023.
Vahid Vahedi will take on the role of senior VP and CTO, succeeding Rick Gottscho, who begins a new executive leadership position at the company focused on the innovation ecosystem. 
In addition, other appointments were also made and all including Lord and Vahedi will report directly to Tim Archer, president and CEO.
As COO, Lord will be responsible for driving operational effectiveness, productivity and business resilience in support of Lam's long-term growth goals. Lord, who joined Lam in 2012 as part of the company's acquisition of Novellus Systems, has nearly 30 years of management experience across semiconductor tech and business.
As CTO, Vahedi will focus on driving breakthrough solutions that will define the next generation of semiconductors. Joining Lam in 1995, Vahedi was most recently the senior vice president and general manager of Lam's etch business.