Rambus fires CEO Ron Black for improper conduct

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Rambus fires chief executive for improper conduct

Rambus Inc. announced that Chief Executive Ron Black had been fired Thursday afternoon for improper conduct. The chip company did not go into details on the conduct, except to say that it was “an incident unrelated to the company’s financial and business performance.” Luc Seraphin, who ran Rambus’s memory division, will take over as interim CEO while Rambus searches for a new leader. “This decision was not related to the Company’s operations or finances, and the Board looks forward to working with Luc as we continue to execute the Company’s current strategy and search for Rambus’ next CEO,” said board chairman Eric Stang in Thursday’s announcement. Rambus stock fell more than 2% in after-hours trading following the announcement, and has declined 8.7% so far this year, as the S&P 500 index has gained 1%.

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