SAN JOSE, Calif., Feb. 24, 2016 /PRNewswire/ -- Xilinx, Inc.
(NASDAQ: XLNX) today announced that Jon
Olson plans to retire from his full-time role as Chief
Financial Officer in May this year, soon after the company's FY2016
financial closing process. At that time, Lorenzo A. Flores, Corporate Vice President of
Finance and Corporate Controller for Xilinx, will be appointed
Senior Vice President and Chief Financial Officer. Jon will
continue to support the transition through July in an advisory
role.
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Jon will retire after serving as CFO for over 11 years with
Xilinx, where he has successfully driven improved gross margins,
corporate profitability, increased return of cash to shareholders,
and globalization of a very strong finance team. Jon was voted CFO
of the year by the Silicon Valley Business Journal in 2010. Upon
retirement as a full-time CFO, Jon plans to leverage his experience
in part-time business activities and spend more time with his
family.
"Jon has been a great contributor to Xilinx's success. He has
been a world class financial leader and helped drive Xilinx to a
new level of operational efficiency," said Moshe Gavrielov, CEO of Xilinx. "Lorenzo
was a natural choice as Jon's successor, having worked with and for
Jon for over seven years on gross margin improvement, operating
models, M&A, and more recently, investor relations."
Lorenzo joined Xilinx as Vice President of Finance and Corporate
Controller in 2008. Prior to joining Xilinx, he spent 10 years at
Intel, served as CFO of a venture funded start up, and was
assistant Vice President of Financial Planning and Analysis at
Cognizant Technology Solutions. Lorenzo holds undergraduate degrees
from MIT and an MBA from UCLA.
About Xilinx
Xilinx is the leading provider of All Programmable FPGAs, SoCs,
MPSoCs, and 3D ICs. Xilinx uniquely enables applications that are
both software defined and hardware optimized – powering industry
advancements in Cloud Computing, SDN/NFV, Video/Vision, Industrial
IoT, and 5G Wireless. For more information, visit
www.xilinx.com.
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© Copyright 2016 Xilinx, Inc. Xilinx, the Xilinx logo, Artix,
ISE, Kintex, Spartan, Virtex, Vivado, Zynq, and other designated
brands included herein are trademarks of Xilinx in the United
States and other countries. All other trademarks are the property
of their respective owners.
Xilinx
Silvia E. Gianelli
(408) 626-4328
silvia.gianelli@xilinx.com
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SOURCE Xilinx, Inc.