Microchip Technology Appoints Rich Simoncic as Chief Operating Officer
April 02 2024 - 4:15PM
(NASDAQ: MCHP) - Microchip Technology
Incorporated, a leading provider of smart, connected and secure
embedded control solutions, today announced that its Board of
Directors has appointed Rich Simoncic as Chief Operating Officer
effective today. In this position, Mr. Simoncic will report to
Ganesh Moorthy, who will remain President and CEO.
Rich Simoncic joined Microchip as a new college graduate in 1989
and has had progressively increasing product development,
operational and business unit responsibilities. He founded the
analog business at Microchip in 1998 and has been instrumental in
building it to a more than $2 billion annual revenue business
through a combination of organic efforts as well as acquisitions.
He was promoted to Vice President in 1995, Corporate Vice President
in 2001, Senior Vice President in 2019 and Executive Vice President
in 2023. He holds a Bachelor’s degree in Electrical Engineering
Technology from DeVry Institute of Technology.
“Rich has expanded his role over the last few years, beyond
leading our analog businesses, by assisting me with several
corporate initiatives, including strategic planning, acquisitions,
total system solutions, market megatrends, use of artificial
intelligence within Microchip and Investor Relations activities.
Going forward, Rich and I will jointly manage the worldwide
Microchip enterprise so that we can apply our combined leadership
capacity to engage the opportunities and challenges ahead of us,”
said Ganesh Moorthy, Microchip’s President and CEO.
About Microchip:
Microchip Technology Incorporated is a leading provider of
smart, connected and secure embedded control solutions. Its
easy-to-use development tools and comprehensive product portfolio
enable customers to create optimal designs, which reduce risk while
lowering total system cost and time to market. The company's
solutions serve approximately 125,000 customers across the
industrial, automotive, consumer, aerospace and defense,
communications and computing markets. 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.
Note: The Microchip name and logo are registered
trademarks of Microchip Technology Incorporated in the U.S.A. and
other countries. Any other trademarks mentioned herein are the
property of their respective companies.
INVESTOR RELATIONS CONTACT:
J. Eric Bjornholt -- CFO..... (480) 792-7804
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9434228a-6de3-4202-a929-686b473c1f45
Microchip Technology (NASDAQ:MCHP)
Historical Stock Chart
From Sep 2024 to Oct 2024
Microchip Technology (NASDAQ:MCHP)
Historical Stock Chart
From Oct 2023 to Oct 2024