Applied Materials Announces New CFO

Applied Materials, Inc. [s:AMAT] on Monday announced Dan Durn would replace Bob Halliday as chief financial officer in August. Durn is currently CFO of NXP Semiconductors N.V. [s:NXPi] Halliday will take on a role in business development, and plans to retire in 2018. Applied is "working in the sweet spot of the industry," Durn said in a statement. The stock has gained 45% in the year to date, while the S&P 500 [s:SP50] is up 10.5%.