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Intersil President and COO lasts 9 months |
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Oct 30, 2006 at 12:34 PM |
 Though not the shortest term of employment, the news that Intersil Corporation has gone separate ways with its President and COO, Lou DiNardo (pictured) after only 9 months in the position, highlights the risks of mergers and acquisitions within the semiconductor industry.
DiNardo joined Intersil in July 2004 as a result of Intersil's acquisition of Xicor. At Xicor, he also served as President and CEO. Though no reason was given for his departure, Rich Beyer, Intersil's current CEO will take over the full running duties of the company.
"Lou played a pivotal role in the integration of Xicor into Intersil. He also helped our management team refocus and energize our Power Management business. And he has worked closely with me over the past 9 months as our President and COO," stated Rich Beyer, Intersil's CEO. "At this time, however, the Board of Directors and I have decided that I should resume full operational responsibility for the company as we move towards becoming a billion dollar high performance analog company over the next several years," Beyer continued.
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