Lam Research appoints Cadence CEO Devgan to board, names Varadarajan COO

LAM RESEARCH CORP

Appoints Cadence CEO Anirudh Devgan to board; he brings EDA, AI expertise.
COO Pat Lord retiring after >20 years; effective March 6, 2026.
Sesha Varadarajan promoted to EVP and COO, effective March 6, 2026.
Karthik Rammohan takes expanded SVP role for global operations and enterprise solutions.
Changes aim to increase operational velocity for AI era, says CEO Tim Archer.

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