Applied Materials names president Dickerson CEO; Splinter still chairman

In tandem with its FQ3 report (I, II), Applied Materials (AMAT) announces President Gary Dickerson is the company's new CEO, effective Sep. 1.

Michael Splinter, who has been serving as both AMAT's chairman and CEO, will maintain the former title. Splinter has been CEO since '03. (PR)

Dickerson, once CEO of AMAT acquisition target Varian, was named president in June '12. Investors and analysts reacted quite favorably to the move. Stifel declared Dickerson had "one of the most successful track records in the [chip equipment] industry," and Barclays called him "a strategic thinker, data driven, decisive."

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