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MEMC Elec announces resignation of Ceo Nabeel Gareeb; appointment of Marshall Turner as interim CEO

Co announces that Nabeel Gareeb, President and Chief Executive Officer, has informed the Board of Directors of his decision to resign from the co. The Board has appointed current Board member Marshall Turner to serve as interim CEO, effective Nov 12, 2008, while a search is conducted for Mr. Gareeb's permanent replacement. Mr. Gareeb, who will also step down from the Board effective with his resignation as President and CEO, has agreed to assist in a transition through the end of 2008.
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