June 16, 2008
Exar Announces Key Executive Management Additions
FREMONT, Calif., June 16 /PRNewswire-FirstCall/ -- Exar Corporation today announced that George Apostol was appointed Chief Technology Officer (CTO) who will direct the Company's technology product strategy and manage the development of Exar's most highly integrated, complex devices. In addition, Paul Pickering was appointed Senior Vice President of Marketing. In his role, Mr. Pickering will define and evaluate markets, plus ensure current and future Exar products deliver a compelling value proposition. Messrs. Apostol and Pickering will report to Pete Rodriguez, Exar's president and chief executive officer.
"During my brief tenure at Exar, it has become apparent we need to strengthen our technology resources, as well as, better define and deliver new products," said Pete Rodriguez, Exar's president and chief executive officer. "Accordingly, I've taken immediate action with the abilities of George and Paul, two world-class executives, and added them to my senior management team. These industry veterans bring exceptional experience and additional depth to our organization as we implement initiatives to fully realize our revenue and profitability goals. I look forward to working with them, and I will continue to examine all aspects of the Company to ensure we are properly aligned to best move the Company forward."
"I am pleased to be joining Pete and his staff at Exar where I can directly apply my experience designing value added semiconductor products to develop strategic technology roadmaps to grow our business," said George Apostol, CTO. "By augmenting our design processes, methodologies, and technical efficiencies, we will be well positioned to drive system-level proprietary solutions. With a strong financial position, a decisive CEO, and a supportive board of directors, I am enthusiastic about leveraging our strengths to deliver differentiated, customer focused, silicon."
"I am excited to join Exar," said Paul Pickering, senior vice president of Marketing. "I share Pete's vision for Exar, and I welcome the opportunity to work with strong internal teams to define winning products and market opportunities. We have a deep portfolio of proven technologies, strong relationships with top-tier customers, and an extensive worldwide sales and distribution network. These key ingredients, coupled with a dynamic executive team, give me every confidence we are doing the right things to move our company to the next level."
Mr. Apostol has over 20 years of experience in the systems electronics and semiconductor industries and, since May 2005, served as Chief Technology Officer and Vice President of Engineering at PLX Technology. Prior to then, he was Vice President of Engineering at Audience, Inc. and BRECIS Communications and held senior engineering and management positions at TiVo, LSI Logic, Silicon Graphics, and Xerox. With a strong background designing systems on silicon, he holds several patents in the areas of system bus interface, clocking, and buffer management design and has written and deployed multiple ASIC design productivity tools. Mr. Apostol performed his academic research at the Dana Farber Cancer Institute and MIT Sloan School of Management and holds a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology.
Mr. Pickering has over 26 years of semiconductor marketing and sales experience and most recently was the Vice President of Field Operations for Innovative Silicon, a venture-capital funded company that developed a pioneering memory -- Z-RAM(R) -- technology for stand-alone DRAM and embedded memory applications. Prior to Innovative Silicon, Mr. Pickering was executive vice-president of sales and marketing for Xpedion Design Systems, a leading RF simulation company that was acquired by Agilent Technologies. Prior to Agilent Technologies, Mr. Pickering worked in senior management sales and marketing roles at Fairchild, Toshiba, LSI Logic, and PMC-Sierra.
Exar Corporation is Powering Connectivity by delivering highly differentiated silicon solutions empowering products to connect. With distinctive knowledge in analog and digital technologies, Exar enables a wide array of applications such as portable devices, home media gateways, communications systems, and industrial automation equipment. Exar has locations worldwide providing real-time system-level support to drive rapid product innovation. For more information about Exar visit: http://www.exar.com/.
CONTACT: Greg Kaufman, Marketing Communications of Exar Corporation,+1-510-668-7000
Web site: http://www.exar.com/