Micron Technology CFO Ronald Foster to retire next year; no replacement announced

MarketsAssociated Press

Micron's chief financial officer, will retire next year, the chipmaker announced.

Ronald Foster, 64, who has been CFO since 2008, will step down on Feb. 28. The company has not named his replacement.

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Company shares have soared since Foster joined the company. Trading at around $7 in early 2008, Micron shares now go for $32.91, with huge gains this year. Shares are trading at levels not seen since 2001.

Shares of Micron Technology Inc., based in Boise, Idaho, rose 29 cents to $32.58 Tuesday.