MACOM
Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a
leading supplier of semiconductor solutions, today announced the
appointment of Stephen G. Daly as President and Chief Executive Officer,
effective immediately. Mr. Daly succeeds John Croteau, who resigned on
May 15, 2019. Mr. Croteau had served as President and Chief Executive
Officer since December 2012. Mr. Croteau will be available to MACOM in
an advisory capacity for the next two months to ensure a smooth
transition.
Mr. Daly has served on MACOM’s Board of Directors since March 2015 and
has over 25 years of experience in the semiconductor industry. Prior to
joining MACOM’s Board of Directors, Mr. Daly had served for almost ten
years as Chairman, President and Chief Executive Officer of Hittite
Microwave Corporation (“Hittite”), a provider of analog and mixed signal
integrated circuits, modules and subsystems for commercial and military
radio frequency, microwave and millimeterwave applications. Mr. Daly’s
17-year career at Hittite included leading Hittite’s initial public
offering in July 2005 and establishing Hittite as an innovative designer
of high-performance semiconductor products that generated industry
leading profitability.
“We thank John for his leadership for the past six and a half years and
his commitment to MACOM’s customers, employees and investors,” said John
Ocampo, Chairman of the Board of Directors. “On behalf of our board of
directors and employees, I congratulate Steve on his appointment. We are
confident that Steve will be successful in advancing our strategies,
which we believe will enable MACOM to reach its full potential.”
“I am excited to accept the role of leading MACOM,” said Mr. Daly. “I
look forward to meeting our worldwide employees, partners, customers,
suppliers and shareholders in the days and weeks ahead.”
ABOUT MACOM:
MACOM designs and manufactures semiconductor products for
telecommunication, Industrial and Defense and Datacenter applications.
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.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS:
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.
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