AUSTIN, Texas, July 28, 2021 /PRNewswire/ -- Silicon Labs
(NASDAQ: SLAB), a leader in secure, intelligent wireless technology
for a more connected world, today announced the board-approved,
succession plan to elect company President Matt Johnson as the new chief executive officer
when Tyson Tuttle retires on
January 1, 2022.
"With our IoT vision, strategy and roadmap set and
record-breaking financial results delivered, I decided now is the
best time to announce our leadership transition plan," said Silicon
Labs CEO Tyson Tuttle. "Matt Johnson has successfully managed our IoT
business since 2018, and I'm confident he will drive sustainable
growth, innovate on our leading wireless technology, and
demonstrate our values – the foremost of which is to 'do the right
thing.' Personally, I will continue to apply the same principle
beyond Silicon Labs with my family, friends, and community."
Tuttle joined Silicon Labs in 1997 as the 10th employee and
has held a variety of roles in design engineering and product
management, including CTO and COO, before being named CEO in
2012. He spearheaded the company's focus on IoT,
leveraging its wireless expertise to become one of
the industry's most respected market leaders. Tuttle will continue
to serve the company as member of its Technical Advisory Board
after he steps down as CEO.
"Under Tyson's leadership, Silicon Labs received
recognition for its strong company culture and ability to
successfully develop technologies which improve lives,
transform industries, and grow economies," stated Silicon Labs
Board Chairman Nav Sooch. "The
entire board thanks Tyson for nearly 25 years of immeasurable
contributions. We look forward to his continual collaboration with
Matt Johnson, who will lead the
company and focus on accelerating our leadership in the rapidly
growing, global IoT market."
Matt Johnson joined Silicon Labs
in 2018 as senior vice president and general manager of IoT
products and was promoted to president in April 2021. Prior to joining the company, Johnson
served in leadership roles at NXP Semiconductors, Freescale
Semiconductor, and Fairchild Semiconductor.
"Silicon Labs' best competitive advantage is our people," said
Johnson. "After facilitating a smooth transition both internally
and externally, I look forward to leading our global team in the
new era as a pure-play leader in secure, intelligent wireless
connectivity. Our team remains hyper-focused on enabling our more
than 20,000 customers globally to create connected devices, which
measurably solve tough challenges in energy, health,
infrastructure, production, and more."
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a
leader in secure, intelligent wireless technology for a more
connected world. Our integrated hardware and software platform,
intuitive development tools, unmatched ecosystem and robust support
make us the ideal long-term partner in building advanced
industrial, commercial, home and life applications. We make it easy
for developers to solve complex wireless challenges throughout the
product lifecycle and get to market quickly with innovative
solutions that transform industries, grow economies and improve
lives. Silabs.com
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SOURCE Silicon Labs