Lam Research Announces Retirement of Michael R. Cannon and Sohail U. Ahmed from Board of Directors

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Lam Research (NASDAQ:LRCX) announced that Michael (Mike) R. Cannon and Sohail U. Ahmed will retire from its Board of Directors, effective November 2, 2026. According to Lam Research, both leaders contributed extensive technology and semiconductor industry expertise during their respective board tenures.

Cannon has served on Lam’s board since 2011, following more than 40 years in senior roles at Seagate, Dell, Solectron, Maxtor, IBM and Boeing. Ahmed joined the Lam board in 2019 after a long career at Intel, where he led development and deployment of next‑generation silicon logic technologies.

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FREMONT, Calif., Aug. 27, 2026 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that Michael ("Mike") R. Cannon and Sohail U. Ahmed have informed the company of their respective decisions to retire from Lam's Board of Directors, effective November 2, 2026, following years of leadership.

"Mike's deep expertise in executive leadership and his passion for innovation have been invaluable in guiding Lam through strategic geographic growth and expanding its technology leadership in deposition, etch and advanced packaging," said Abhi Talwalkar, chair of the board at Lam Research. "Sohail's deep industry experience and understanding of silicon logic and semiconductor processing equipment technologies have been assets to our board. We thank Mike and Sohail for their dedication and many significant contributions and wish them well in their retirements."

Joining the Lam Board of Directors in 2011, Cannon retires after a career spanning more than 40 years of transformational leadership and innovation in several technology industries.

Most recently, Cannon held senior advisory and board roles providing guidance to technology companies on global strategy, business transformation, and operational excellence. At Seagate Technology Holdings, plc, he served on the board for fifteen years including five years as the lead independent director and five years as the board Chairman. Seagate recently announced that he will retire from the board later this year. He has also served on the boards of Dialog Semiconductor plc from 2013 until its sale to Renesas Electronics in 2021, and previously was on the board of Adobe Systems for 13 years.

Previously, Cannon held CEO and other executive leadership positions at top technology companies, most recently as the President of Global Operations at Dell Technologies leading the worldwide transformation of operations, supply chain and logistics functions. Prior to Dell, he was president and CEO of Solectron, a global electronics manufacturing services (EMS) provider, where he led the company through a major transformation, including a comprehensive restructuring plan resulting in an increased focus on design services. Previously he was CEO of Maxtor Corporation, a disk drive technology leader, for seven years including a successful IPO in 1998 and the company's acquisition by Seagate in 2006. Cannon also held several senior leadership positions at IBM, including Vice President of the Personal Storage Systems Division, with P&L responsibility for disk drive and storage solutions products. Earlier in his career, he worked as a mechanical engineer in the R&D organization of Boeing and was named an Inventor of the Year in 1983.

Joining the Lam Board of Directors in 2019, Ahmed was formerly senior vice president and general manager of the Technology and Manufacturing Group at Intel Corporation, a leading producer of microchips, computing and communications products, where he was responsible for overseeing the research, development and deployment of next-generation silicon logic technologies for the production of future Intel microprocessors. He held that position from 2015 to 2018. Immediately prior to that, he was corporate vice president and general manager, Logic Technology Department, at Intel from 2004 to January 2015. Ahmed joined Intel in 1984, working as a process engineer, and held progressive technical and management positions in logic process development.

About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at www.lamresearch.com. 

Company Contacts

Laura Bakken
Public Relations
(510) 572-9021
publicrelations@lamresearch.com 

Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com

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SOURCE Lam Research Corporation

FAQ

When will Michael R. Cannon and Sohail U. Ahmed retire from Lam Research (NASDAQ:LRCX) board?

Michael R. Cannon and Sohail U. Ahmed will retire from Lam Research’s Board of Directors on November 2, 2026. According to Lam Research, both informed the company of their decisions and will step down after years of leadership and board service.

Who is Michael R. Cannon, retiring Lam Research (LRCX) board member, and what is his background?

Michael R. Cannon is a long-time technology executive who joined Lam’s board in 2011. According to Lam Research, his 40-year career includes leadership roles at Seagate, Dell, Solectron, Maxtor and IBM, plus earlier engineering work at Boeing, where he was named Inventor of the Year.

What experience does Sohail U. Ahmed bring to Lam Research (LRCX) before his 2026 board retirement?

Sohail U. Ahmed joined Lam’s board in 2019 after a long Intel career. According to Lam Research, he was senior vice president and general manager of Intel’s Technology and Manufacturing Group, overseeing research, development and deployment of next-generation silicon logic technologies for future microprocessors.

How long have Michael R. Cannon and Sohail U. Ahmed served on the Lam Research (LRCX) board?

Michael R. Cannon has served on Lam Research’s board since 2011, and Sohail U. Ahmed since 2019. According to Lam Research, both directors contributed deep experience in technology leadership, semiconductor processing, and global operations during their respective board tenures.

What does Lam Research (NASDAQ:LRCX) do in the semiconductor industry?

Lam Research supplies wafer fabrication equipment and services to the semiconductor industry worldwide. According to Lam Research, its tools help customers build smaller, better-performing devices, and nearly every advanced chip today is built using Lam technology, supported by global operations and systems engineering expertise.

Will Lam Research (LRCX) replace Michael R. Cannon and Sohail U. Ahmed on its board?

The announcement confirms the November 2, 2026 retirement of Michael R. Cannon and Sohail U. Ahmed but does not describe any replacement directors. According to Lam Research, the release focuses on acknowledging their service and contributions to the company’s board.