Lam Research shares surge 19.84% after-hours after announcing leadership transitions to boost operational velocity for AI-era growth.

Lam Research Corp. surged 19.84% in after-hours trading following the announcement of leadership transitions aimed at accelerating operational velocity for the AI era. The company promoted Sesha Varadarajan to COO and expanded Karthik Rammohan’s role to SVP of Global Operations and Enterprise Solutions. These moves are designed to enhance product innovation, supply chain resilience, and market expansion, aligning with the company’s strategy to capitalize on rising semiconductor demand. The leadership changes signal a strategic pivot to strengthen Lam’s competitive position in the AI-driven technology landscape, directly supporting its growth objectives.