Analog Devices Reaches LTC Integration Milestone; Announces Senior Executive Team
15 Juni 2017 - 10:01PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI), a global leader in
high-performance semiconductors for signal processing applications,
continues to make progress in its integration of Linear Technology,
today announcing the new senior leadership team for the combined
company, which takes effect immediately.
Rick Hess, Executive Vice President of Analog Devices, has been
named a Strategic Advisor reporting to CEO Vincent Roche. Rick
joined ADI in 2014 with the acquisition of Hittite Microwave
Corporation, playing a critical role in the company’s integration.
In the role of Strategic Advisor, Rick will leverage his experience
to continue guiding the ongoing integration of Linear Technology,
which ADI acquired in March.
Three new business groups and leaders were also announced
today:
- Greg Henderson was promoted to Senior
Vice President – Automotive, Communications, and Aerospace &
Defense. Greg previously served as Vice President of Analog’s RF
and Microwave business.
- Yusuf Jamal was promoted to Senior Vice
President – Industrial, Healthcare, Consumer, and IoT Solutions and
Security. Yusuf was previously Vice President – Consumer and
Healthcare business at ADI.
- Former Linear Technology executive
Steve Pietkiewicz has been promoted to Senior Vice President –
Power Products. Steve will lead this new business group focused on
developing ADI’s power strategy and will take a lead role in the
integration of LTC’s and ADI’s power portfolio within ADI’s larger
suite of high performance analog and mixed signal products and
solutions.
“ADI has long been known as a living company founded both on
continuity and thoughtful evolution. Rick played an important
leadership role in our last large integration and recently, as head
of our business unit strategy. Focusing his expertise in this new
role will further ensure our successful integration of LTC,” said
Analog Devices President and CEO Vincent Roche. “In addition, the
creation of our three business groups allows us to remain focused
on the successful execution of our strategy as we accelerate toward
the opportunities enabled by our acquisition of LTC. I am truly
excited by the shape our new leadership team is taking and the
possibilities it represents for our future.”
Henderson, Jamal, and Pietkiewicz join the other members of the
senior executive team who include:
- Peter Real - Senior Vice
President and Chief Technology Officer
- Martin Cotter - Senior Vice
President, Worldwide Sales and Digital Marketing
- John Hassett - Senior Vice
President, Global Operations and Technology
- Marnie Seif - Chief Legal
Officer and Senior Vice President of Communications and Branding
and Secretary
- Jean Philibert - Senior Vice
President, Human Resources
- Eileen Wynne - Acting Chief
Financial Officer
About Analog DevicesAnalog Devices (NASDAQ: ADI) designs
and manufactures semiconductor products and solutions. We enable
our customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure and connect. Visit http://www.analog.com
Forward-Looking StatementsThis press release contains
forward-looking statements, which address a variety of subjects
including, for example, our statements regarding expected benefits
and synergies of the acquisition of Linear Technology Corporation
("Linear Technology"), including expected integration of the
combined companies, expected product offerings, product
development, marketing position and technical advances resulting
from the transaction. Statements that are not historical facts,
including statements about our beliefs, plans and expectations, are
forward-looking statements. Such statements are based on our
current expectations and are subject to a number of factors and
uncertainties, which could cause actual results to differ
materially from those described in the forward-looking statements.
The following important factors and uncertainties, among others,
could cause actual results to differ materially from those
described in these forward-looking statements: any faltering in
global economic conditions or the stability of credit and financial
markets, erosion of consumer confidence and declines in customer
spending, unavailability of raw materials, services, supplies or
manufacturing capacity, changes in geographic, product or customer
mix, higher than expected or unexpected costs associated with or
relating to the acquisition of Linear Technology and the
integration of the businesses; the risk that expected benefits,
synergies and growth prospects of the acquisition may not be fully
achieved in a timely manner, or at all; the risk that Linear
Technology's business may not be successfully integrated with
Analog Devices'; the risk that we will be unable to retain and hire
key personnel; and the risk that disruption resulting from the
acquisition may adversely affect our business and relationships
with our customers, suppliers or employees. For additional
information about factors that could cause actual results to differ
materially from those described in the forward-looking statements,
please refer to our filings with the Securities and Exchange
Commission ("SEC"), including the risk factors contained in our
most recent Quarterly Report on Form 10-Q and Annual Report on Form
10-K. Forward-looking statements represent management's current
expectations and are inherently uncertain. Except as required by
law, we do not undertake any obligation to update forward-looking
statements made by us to reflect subsequent events or
circumstances.
(ADI-WEB)
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Analog Devices, Inc.Media
ContactKaren Marinella Hall, 781-461-3549External
Communications ManagerKaren.MarinellaHall@analog.comorInvestor ContactAli Husain,
781-461-3282Treasurer & Head of Investor
Relationsinvestor.relations@analog.com
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