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Marvell’s interim CFO resigns following “difficult” financial corrections |
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Jul 12, 2007 at 12:21 PM |
 The filing of Marvell's delayed reports with the SEC was completed on July 9th, and as a result, NASDAQ will continue to list the company's shares. The feat of filing these delayed reports was undertaken by Vice President, Corporate Controller, Treasurer and interim CFO Michael Tate. Mr. Tate has announced his resignation from his roles with the company, effective as of July 13th.
Mr. Tate has been with the company since the 2001 takeover of Galileo Technology by Marvell. He had agreed to remain with the company in the interim CFO position to complete the lengthy task of filing the delayed reports, and his resignation will precipitate the search for a permanent CFO replacement.
"[Mike] enabled us to complete the filing of our delayed reports, to the benefit of shareholders, customers and employees alike. We wish him the best in his next endeavour," said company CEO Sehat Sutardja (pictured).
Marvell is a major fabless semiconductor company.
By Síle Mc Mahon
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Going Places