Mon, May 28, 2012, 2:40 PM EDT - U.S. Markets closed for Memorial Day

Micron CEO dies in plane crash

BOISE, Idaho (AP) — A small experimental plane piloted by the chief executive and chairman of Micron Technology Inc. crashed after take-off Friday at the Boise airport, killing the head of the Idaho memory chip maker who survived a similar crash eight years ago.

Steve Appleton, a professional stunt pilot and former motor cross racer, was the only person aboard the plane when witnesses said it steeply banked, stalled and rolled to the ground, according to Zoe Keliher, air safety investigator with the National Transportation Safety Board. It was the aircraft's second take-off attempt for the morning.

Appleton's death was confirmed by Micron spokesman Dan Fransicso, and trading in the company's stock was halted. The company's shares have traded between $3.97 and $11.95 over the past year, and shares were up 23 cents at $7.95 Friday before the announcement.

"Steve's passion and energy left an indelible mark on Micron, the Idaho community and the technology industry at large," Micron's board of directors said in a prepared statement.

Micron is one of many companies that make semiconductor chips for various devices, including computers, mobile devices, cameras, cars and industrial systems. It makes products under the Lexar and Crucial brands, and is one of Idaho's largest and most influential employers

In its latest fiscal year, which ended Sept. 1, Micron earned $167 million, or 17 cents per share, and had revenue of $8.8 billion.

Questions have been raised in the past about whether Appleton, as a CEO, should be engaging in the risky hobby. On July 8, 2004, Appleton sustained a punctured lung, head injuries, ruptured disk and broken bones after his stunt plane crashed in the desert east of Boise.

The 51-year-old Appleton hadn't filed a flight plan and by all indications planned to stay in the area for a recreational flight, investigators said.

Keliher, of the NTSB, said the crash happened during Appleton's second attempt to fly that morning. She said Appleton's first take-off ended abruptly — witnesses said the plane only got about 5 feet (1.5 meters) off the ground — when he re-landed and returned to a hangar for about five minutes.

Keliher said witnesses reported that the plane then returned to the runway to take off again, but Appleton almost immediately told the tower he needed to turn around and re-land. His plane was about 100 or 200 feet (30 or 60 meters) in the air before witnesses say it crashed and caught fire. Appleton's body was thrown from the wreckage.

Keliher said the remains of the pilot weren't immediately identifiable, but Appleton's wallet and other belongings were among the debris. She said the body was being fingerprinted by authorities.

The weather was clear and the runway was dry, Keliher said, and investigators planned to look for any evidence of equipment failure or other problems.

Airport spokeswoman Patti Miller said the aircraft was a fixed-wing prop plane Lancair, which is built from kits.

Federal Aviation Administration's records show the tail number of the wrecked plane was registered to Raleighwood Aviation LLC out of North Carolina.

It was manufactured in 2007 and filed in the "amateur built" category.

Planes like the Lancair have caught the attention of the National Transportation Safety Board, which is in the midst of a study of their safety. Last year, the agency investigated 222 experimental and amateur-built plane accidents in which 67 people were killed. More than half involved planes that were bought used rather than having been built by the current owner.

Doug Meyer, the company's marketing and sales manager, declined to comment about the crash, saying the company knew very little about it.

"Lancair aircraft are quite safe," he said,

After the 2004 crash, Appleton didn't immediately reveal the severity of injuries he sustained in that crash, and at the time a Micron spokesman described Appleton as only sustaining some "bumps and bruises." But in 2006 a corporate governance expert began questioning disclosures about the crash.

Appleton's death came one week after the company's president and chief operating officer, D. Mark Durcan, announced plans to retire in August. Mark W. Adams, Micron's vice president of worldwide sales, was named to succeed Durcan.

It wasn't immediately clear what impact Appleton's death would have on Micron. The company was instrumental in the Idaho's tech boom and is known for charitable giving, recently donating $13 million for a new building at Boise State University.

Appleton started on the factory floor of Micron in 1983 and worked his way up. In 1991, he was appointed president and chief operating officer of Micron and in 1994, he was appointed to the position of chairman, chief executive officer and president. He assumed his position as CEO and chairman in 2007.

Appleton owned several different types of aircraft, piloted in air shows and frequently flew the planes in the skies over Idaho. He had a penchant for other adventures too: In 2006, he won the 20-car Baja Challenge Class of the SCORE Tecate Baja 1000, completing the 1,047-mile (1,685-kilometer) run from Enseneda to La Paz in 25 hours and 25 minutes, 30 minutes ahead of his nearest competitor.

At the time, Appleton said he wasn't worried about putting himself and his executive team behind the wheels for the pounding, often brutal race over rough and remote terrain.

"I don't know what could be worse than being in the memory business for risk-taking," he said. "If we were in some stable, monopolistic business, I'd probably get objections from my executive staff about doing this, but they're all dying to go."

Micron shares were up 23 cents at $7.95 Friday before trading was halted in the early afternoon for the announcement. The company's shares have traded between $3.97 and $11.95 over the past year.

____

Associated Press reporters Nick Jesdanun and Joan Lowy contributed to this report.

 
  • uncle bob  •  3 months ago
    I have met Steve on several occasions. He will be greatly missed and my sincere condolences go out to his family and friends. Steve was a passionate adventurer and business man who lived life to the fullest.
    Micron was fully aware of his lifestyle and gave him the lead in great part due to that personality.
    Yahoo ,as usual, makes this story of loss out to be something else entirely. Micron will not fail because of someone ‘leaving’ the company. Even CEO's are replaceable. If this writer bases his stock ‘buy sell or hold’ on the personal and private actions or activities of executives, he is a fool to be soon parted from his money! I would never work for a company that had control of my ‘off’ time, and Steve would not have either!
    • itsa 3 months ago
      I agree with most of what you say but living life to it's fullest is to be alive to enjoy it.
    • Truth Hurts 3 months ago
      Itsa you do die at some point regardless and tomorrow is never promised.
    • Libertarian EV Driver 3 months ago
      I agree with everything you say, except, this story was written by the "Associated Press" not Yahoo.
  • Jeremy  •  3 months ago
    Wow. 2 terrible posts so far. One person wishing another would have died in the crash and another making a joke about how the plane is now broken. Pretty sad that this man died and really sad that others seem to find joy in it.
    • Omar 3 months ago
      It amazes me the lack of empathy I see in these comments online. I can see why our country is in the shape it's in.
    • Meatwad 3 months ago
      Not hard to die when you take foolish risks.
    • Nathan R 3 months ago
      not as bad shape as the plane ^
  • Marla  •  Danbury, Connecticut  •  3 months ago
    Our condolences from all of us at Praxair to the Micron Family & relatives of Mr. Appleton.
  • Ray  •  3 months ago
    From the absolutely vile remarks about the tragic death of another human being, it appears as many have said that we as a people have lost some semblance of decency.
    • Omar 3 months ago
      In a major way..
    • D Mark 3 months ago
      This end of civilization nonsense infuriates me. Then go give up and sit in a corner. Perhaps it is you and the "many" that hold your dipshut way of thinking that are the problem.Because YOU are just becoming aware doesn't mean anything that is happening is anything new. You couldn't be bothered until now, living in your dream world taking what you are fed. But now you are going to make a nonsensical observation based on a yahoo comment board. Get real.Any comment that comes up with nonsense about a race, country,religion , TIME PERIOD being superior is pure ignorance as in your comment stating that something has been "lost".The incidence of sociopaths, fools, ignorant sunsumbeches, and the like has pretty much stayed constant throughout the ages and pretty much doesn't vary by culture race sex or any of that other random crap.However, there are more of them as the population has grown in general. There is also the 24/7 news /internet cycle that although not brand new is just revving up to running speed. There are more and more outlets everyday. Look at how much of the world's population isn't even hooked up yet, as they say.Saying that "many' others have said it carries no weight with me. You seem to fortify yourself in that. I don't know.People do crazy and dumb #$%$ all the time that they regret. They do these things for ALLLLLLLLLLLLLL kinds of reasons that aren't necessarily at face value. Perhaps an awareness of our differences and some tolerance would suit us better than fear and cowering or threats.There will always be those that will try and yank your chain. Help the world, make a difference and leave the hand wringing and cynicism to those who can't help themselves.
    • Will 3 months ago
      D Mark, you are an #$%$ A simple comment "infuriates" you?
  • Susan  •  Twinsburg, Ohio  •  3 months ago
    To his family, so sorry for your loss. I too, just lost my beloved husband who was the pilot of a single engine experimental airplane.
    • Sami 3 months ago
      Sorry for your loss also.
    • S10Electric 3 months ago
      Sorry for your loss. May God bless you and ease your pain until you meet again.
    • Will 3 months ago
      Sorry for your loss. Susan, If I may ask without meaning to be rude, what was the name of the aircraft your husband was flying?
  • patrick  •  3 months ago
    Sure are a lot of pathetic, envious haters posting on here.
    • Lovestospooge 3 months ago
      Likely all invested in Rambus stock!!!!
    • Chii 3 months ago
      go back to sleep!!!!
    • Mas 3 months ago
      envious????
      of what- his death????

      wish you were on that plane that went down!
  • Erock  •  Portland, Oregon  •  3 months ago
    Steve would always walk around the plant spending a brief moment talking to anybody he would come across, something that I'm sure most CEO's don't do. My condolences to his family and friends, the treasure valley lost a staple in the community.
  • Ken  •  3 months ago
    sorry to hear, prayers for the family.
  • Julie  •  Boise, Idaho  •  3 months ago
    We are terribly saddened by this news. Steve did so much for our community and will be missed. My thoughts and condolences are with his family.
  • Willow Tree  •  3 months ago
    In 2010, the Federal Aviation Administration issued a safety advisory to pilots because the planes are prone to stalling out during slow-speed operations close to the ground.

    Duh, ALL planes are "prone" to stalling at any altitude due to slow-speed operations.
  • huan v  •  Fountain Valley, California  •  3 months ago
    RIP Steve
  • Hurricane Mike  •  3 months ago
    i think it's funny Wall-Street can go wild with all kinds of manipulated trading but they want to create laws on what CEO's can do in their off time so an investor can make an informed decision. Yeah ok
  • Aaron  •  3 months ago
    At least he died doing something he loved. Not many get to go out that way.
  • BJ  •  3 months ago
    Anyone who has flown a plane knows the rush you get when the wheels go up and your fate is in your hands and nobody else
  • Robert  •  Bangkok, Thailand  •  3 months ago
    Sounds like he was an interesting and intelligent man, too bad he died, the World needs more people with real passion. RIP
  • Jeffrey  •  New York, New York  •  3 months ago
    rip
  • USAF VET  •  3 months ago
    Experimental planes are aircraft that have been created in the same way as any other aircraft. The difference is that experimental aircraft do not go through an advance certification process that non experimental aircraft go through. As for why pilots fly experimental aircraft it is because of the challenge it provides. Pilots have explored the edge of all flight perimeters since a manned balloon lifted off of the ground. Aviation has gone from that balloon to the far side of the moon. As for those of you who want the nanny state to protect us from ourselves, put your heads back up in that dark, warm, safespot and leave the rest of us alone to fly our planes, climb our mountains, scuba dive, motor cross, skate board, ski or what ever else we can do that is legal.
  • Mike R  •  Anchorage, Alaska  •  3 months ago
    This is such a shock...I had no idea that any computer parts were still made in the U.S.
  • Jason  •  3 months ago
    The man loved to fly...RIP Steve
  • Mikey  •  Los Angeles, California  •  3 months ago
    Doing what he loved...he had a great life, was very successful and loved flying. All in all it's shame that it happened, but not a bad way to go.
 
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