Micron Technology (NASDAQ:MU) will lose a pair of long-term members from its board of directors as they plan to retire early next year.
Richard Beyer, who has served on the board since 2013, and Mary Pat McCarthy, who has served since 2018, informed the company they will retire during the company’s annual shareholders meeting on Jan. 15, 2026.
Beyer, 76, was chair of the Governance and Sustainability Committee from 2018 to 2021 and has served as chair of the Compensation Committee since 2021. He previously served as CEO of multiple semiconductor companies, including Elantec Semiconductor, Intersil Corporation and Freescale Semiconductor. He also served in the U.S. Marine Corps.
MacCarthy, 68, was chair of the Finance Committee from 2019 to 2023 and has served as chair of the Audit Committee since 2023. She was previously a long-time partner at KPMG. She also serves on the board of directors for Palo Alto Networks (PANW).
Micron’s board of directors will be down to eight members following the retirements. As of now, Micron plans to nominate those eight members again at the upcoming shareholders meeting. They include Lynn Dugle, Steven J. Gomo, Linnie M. Haynesworth, T. Mark Liu, Sanjay Mehrotra, A. Chrstine Simons, Robert H. Swan and MaryAnn Wright.
“Rich and Mary Pat’s perspectives on the board have enriched our deliberations and strengthened our governance during pivotal moments for Micron,” said Lynn Dugle, the board’s lead independent director. “Their commitment to shareholders and employees alike has set a high standard for us all.”
“Since joining the board, Rich and Mary Pat have been instrumental advisors, providing invaluable guidance and strategic insight that helped shape our growth and success,” added Micron CEO Sanjay Mehrotra. “Their leadership and commitment to our mission have left a lasting impact, and we wish them all the best in their future endeavors.”