Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of
microcontroller, mixed-signal, analog and Flash-IP solutions, today
announced that Gordon Parnell, Vice President of Investor Relations and
Business Development, will retire at the end of March 2013. Gordon was a
long-time Chief Financial Officer of Microchip, and in 2009, moved to a
role of IR and Business Development. He has many long-term relationships
with Microchip's investors and analysts. Under Gordon's watch, Microchip
completed 10 acquisitions in the last four years, including two large
acquisitions - Silicon Storage Technology in 2010 and SMSC in 2012.
Steve Sanghi, President and CEO of Microchip, commented, "Gordon has
been a 23-year employee of Microchip and made tremendous contributions
over that time. Gordon will be greatly missed on a day-to-day basis,
although he has agreed to be available on a consulting basis to assist
in major deals and other projects. Gordon's responsibilities will be
absorbed by a combination of Eric Bjornholt, CFO, Ganesh Moorthy, COO,
Mr. Sanghi concluded, "On behalf of all of the stockholders and
employees of Microchip, I would like to thank Gordon for his outstanding
service to Microchip. He has been a role model within Microchip. He
hired and trained Eric Bjornholt who took over as CFO in 2009, thus
maintaining our long-term proven culture of executive development and
internal promotions at Microchip. We wish Gordon well in his retirement."
Microchip Technology Incorporated is a leading provider of
microcontroller, mixed-signal, analog and Flash-IP solutions, providing
low-risk product development, lower total system cost and faster time to
market for thousands of diverse customer applications worldwide.
Headquartered in Chandler, Arizona, Microchip offers outstanding
technical support along with dependable delivery and quality. For more
information, visit the Microchip website at www.microchip.com.
The Microchip logo and name are registered trademarks of Microchip
Microchip Technology Incorporated
J. Eric Bjornholt, 480-792-7804