SAN JOSE, Calif., May 6, 2015 /PRNewswire/ -- Atmel®
Corporation (NASDAQ: ATML), a leader in microcontroller and touch
solutions, today announced that the Company's President and CEO,
Steven Laub, has decided to retire
as an officer and director as of August
31, 2015. He will continue to serve in his current
capacities while an orderly leadership transition is
accomplished.
"On behalf of the entire board, I want to express our
appreciation to Steve for his strong and effective leadership and
countless contributions to Atmel," said David Sugishita, chairman of the board.
"He has guided Atmel through an extraordinary positive
transformation of our businesses and operating model, built a
strong leadership team and positioned Atmel for a bright
future."
"It has been a privilege to serve as Atmel's CEO during the past
nine years," Laub said. "I am extremely proud of the
accomplishments that Atmel's exceptional management team and
employees have achieved. With the company generating
sustainably higher profitability and positioned to lead in the high
growth IoT, wireless and security markets, I believe it is a good
time to transition to new leadership. I will work closely
with the board to ensure a seamless transition."
The board of directors will conduct the process to choose Laub's
successor and will consider internal and external candidates for
the position.
About Atmel
Atmel is a worldwide leader in the design
and manufacture of microcontrollers, capacitive touch solutions,
advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's
broadest intellectual property (IP) technology portfolios, Atmel is
able to provide the electronics industry with intelligent and
connected solutions focused on the industrial, automotive,
consumer, communications, and computing markets.
©2015 Atmel Corporation. Atmel®, Atmel logo and combinations
thereof, and others are registered trademarks or trademarks of
Atmel Corporation or its subsidiaries. Other terms and product
names may be trademarks of others.
Investor Contact:
Peter Schuman
Senior Director, Investor Relations
(408) 437-2026
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SOURCE Atmel