MEMC, $WFR, CEO to Depart: Stock in Titanic Mode
“Given the company’s horrible showing for the first quarter, the last thing MEMC Electronic Materials Inc. (NYSE: WFR) needed was to have a management shake-up. But that’s what the solar wafer maker got last night, when the company announced that its CFO was leaving MEMC to return to his previous firm, Praxair Inc. (NYSE: PX) as President of Praxair’s Surface Technology division.”
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