Qorvo Appoints Former CFO Of Delphi Automotive
RF company Qorvo has appointed Mark J. Murphy, 48, as chief financial officer, effective June 6, 2016. Murphy will report to Bob Bruggeworth, president and CEO of Qorvo, and will succeed Steven J. Buhaly, who previously announced his intention to retire from the company in 2016.
Buhaly will remain in an advisory capacity until July 31, 2016 and will work closely with Murphy to ensure a seamless transition.
"I am thrilled that Mark will be joining Qorvo as our Chief Financial Officer. Mark brings proven public company finance and operating expertise from several large and complex global companies and will play a critical role in helping us execute our strategic vision for Qorvo's growth. Mark is experienced in the semiconductor industry and with connectivity trends, and we look forward to his contributions to our continued success," said Bruggeworth.
Murphy most recently served as executive vice president and chief financial officer of Delphi Automotive, a high-technology company that integrates safer, greener and more connected solutions for the automotive sector. He joined Delphi from Praxair, a global industrial gas supplier, where he was president of the US Industrial Gases business and before that, president of Praxair's Surface Technologies and Electronic Materials division.
He previously served as senior vice president and CFO of MEMC Electronic Materials, VP and corporate controller of Praxair, president of Praxair's global Electronics division and vice president of finance for Praxair Asia based in Shanghai.
He began his career as an officer in the US Marine Corps and received an MBA from Harvard University and a bachelor's degree in business administration from Marquette University.
Murphy said: "I am excited to join Qorvo, and I look forward to working with Bob and the Qorvo team in executing a growth strategy that creates long-term value for shareholders."
Bruggeworth added: "Steve Buhaly has made tremendous contributions to Qorvo and on behalf of the company's board of directors, management team and all our worldwide employees, I want to thank Steve for those contributions, especially for his leadership in building the financial and operational infrastructure for the company following its creation in 2015. We are delighted that his retirement will provide Steve with more time for rewarding experiences with his family and friends."