Press release

MACOM Announces Departure of Robert J. McMullan, Chief Financial Officer

Sponsored by Businesswire

Technology Solutions Holdings, Inc.
leading supplier of semiconductor solutions, today announced that Robert
McMullan, Senior Vice President and Chief Financial Officer (CFO), has
submitted his resignation. Mr. McMullan is leaving for personal reasons,
and his resignation is not the result of any matters related to MACOM’s
financial statements or disclosures or accounting principles and
practices. Mr. McMullan will transition to an advisory role and support
MACOM during the next two months to ensure an orderly transition of
responsibilities. MACOM has engaged a leading executive search firm to
assist with the process of replacing Mr. McMullan.

The company also announced Conor Hegarty, Vice President of Financial
Planning and Analysis has been appointed to the role of principal
financial officer and principal accounting officer effective
immediately. Mr. Hegarty has been with MACOM for 22 years and has served
as Vice President, Financial Planning and Analysis of MACOM, since
August 2016. Previously, he served as Senior International Finance
Director from March 2011 to August 2016. Mr. Hegarty is a Chartered
Management Accountant (ACMA, CGMA).

“On behalf of the board of directors and the executive team, I would
like to thank Bob for all of his contributions at MACOM,” said John
Croteau, President and Chief Executive Officer. “During his tenure, Bob
was instrumental in rebuilding and reshaping MACOM through numerous
acquisitions and divestitures, as well as corporate financing
transactions. We are grateful for Bob’s positive impact on the company
and wish him continued success in his next endeavor.”

Mr. Croteau continued, “Looking ahead toward the next phase of MACOM’s
development, our focus is on leveraging the strategic investments we’ve
made and scaling operations, both internally and with our external
manufacturing partners. Accordingly, our search for a new CFO is focused
on candidates with a strong financial background coupled with a proven
track record of operational execution.”


MACOM enables a better-connected and safer world by delivering
breakthrough semiconductor technologies for optical, wireless and
satellite networks that satisfy society’s insatiable demand for

Today, MACOM powers the infrastructure that millions of lives and
livelihoods depend on every minute to communicate, transact business,
travel, stay informed and be entertained. Our technology increases the
speed and coverage of the mobile Internet and enables fiber optic
networks to carry previously unimaginable volumes of traffic to
businesses, homes, and datacenters.

Keeping us all safe, MACOM technology enables next-generation radars for
air traffic control and weather forecasting, as well as mission success
on the modern networked battlefield. MACOM is the partner of choice to
the world’s leading communications infrastructure, aerospace and defense
companies, helping solve their most complex challenges in areas
including network capacity, signal coverage, energy efficiency and field
reliability, through its best-in-class team and broad portfolio of
analog RF, microwave, millimeterwave and photonic semiconductor products.

MACOM is a pillar of the semiconductor industry, thriving for more than
60 years of daring to change the world for the better, through bold
technological strokes that deliver true competitive advantage to
customers and superior value to investors.

Headquartered in Lowell, Massachusetts, MACOM is certified to the
ISO9001 international quality standard and ISO14001 environmental
management standard. MACOM has design centers and sales offices
throughout North America, Europe and Asia.

MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in
RF & Microwave, The First Name in Microwave and related logos are
trademarks of MACOM. All other trademarks are the property of their
respective owners.

For more information about MACOM, please visit,
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This press release contains forward-looking statements based on MACOM’s
beliefs and assumptions and on information currently available to
MACOM. These forward-looking statements include, among others,
statements about MACOM’s strategic plans, including those regarding its
investments and operations. These forward-looking statements reflect
MACOM’s current views about future events and are subject to risks,
uncertainties, assumptions and changes in circumstances that may cause
those events or our actual activities or results to differ materially
from those expressed in any forward-looking statement. Although MACOM
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot and does not guarantee future
events, results, actions, levels of activity, performance or
achievements. Readers are cautioned not to place undue reliance on these
forward-looking statements. A number of important factors could cause
actual results to differ materially from those indicated by the
forward-looking statements, including, but not limited to, those factors
described in “Risk Factors” in MACOM’s Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and other filings with the Securities and
Exchange Commission. MACOM undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.