Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Zilog
Edited by the Electronicstalk Editorial
Team on 01 September 2006
Thorburn steps down at Zilog
Zilog Chairman and CEO Jim Thorburn has resigned and has been replaced by CEO Robin Abrams who currently serves on the company's Board of Directors.
Zilog Chairman and CEO Jim Thorburn has resigned and has been replaced by CEO Robin Abrams who currently serves on the company's Board of Directors Abrams, most recently CEO of Firefly Mobile, will act as CEO on an interim basis while the Board searches for a permanent replacement
This article was originally published on Electronicstalk on 7 Dec 2001 at 8.00am (UK)
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"Since joining the company in 2001, we completed our financial recapitalisation, and refocused our product strategy with the result of establishing a solid financial foundation".
"We have positioned our operations to compete globally and we have expanded our product portfolio to address the market needs", stated Thorburn.
"I felt the time was now right for me to step aside to allow new leadership to steer Zilog on its next phase of growth".
"I want to thank our management team, employees, partners and shareholders who have played a key role in positioning our company".
"Their support has been invaluable and I wish them and Zilog continued success in the future".
"On behalf of the Board, I want to thank Jim for his leadership efforts during the past five years, including our recapitalisation, our 2004 public offering of stock and our move to a fabless business model", Abrams noted.
"Thanks to his efforts and that of the management team and its employees, our business plan remains on track as evidenced last quarter when the company improved its gross margins to 50% of sales and continued to receive positive reception for its products in the marketplace".
"Our guidance for the second fiscal quarter of 2007 remains the same as previously stated", said Executive Vice President and CFO Perry Grace.
"We are fully committed and confident about our ability to deliver our long term business plan".
"Improving gross margins and growing the top line remain key elements of that plan".
"Also key to that plan is our ability to deliver our winning ASSP strategy, broaden the products range and expand our market share and presence in Asia where we are already making great progress".
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