Actel appoints Hank Perret Chief Financial Officer.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 19, 1997--Actel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTL ACTL American College of Trial Lawyers (Irvine, California) ACTL Access Carrier Terminal Location ACTL Activation Library ACTL Automated Compatibility Test Laboratory ACTL Association Cultural Turkey-Luxembourg ) has appointed Hank Perret as Vice President of Finance & Chief Financial Officer effective immediately, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John C. East, Actel CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Mr. Perret succeeds David M. Sugishita, who has resigned to take a similar position at Synopsys, Inc., an EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. company. For the past year and a half, Mr. Perret served as Actel's Controller, holding day-to-day responsibility for all of the company's financial activity and treasury functions. "During Hank's tenure, Actel has shown improvement in all of the key metrics that constitute our financial model. He has also helped build a strong Finance organization. His promotion is well deserved," said Mr. East. "At the same time, the Board and I thank Dave Sugishita for his significant contributions and wish him well at Synopsys." Mr. Perret brings more than 25 years of experience in all facets of financial management to the CFO See Chief Financial Officer. position. Prior to joining Actel, he was Site Controller for Applied Materials' manufacturing division in Austin, Texas, beginning in 1992. Before joining Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar , Mr. Perret spent 12 years with National Semiconductor in a variety of financial assignments, including divisional controllerships, worldwide wafer fab financial responsibility, and controller positions in remote manufacturing plants. When National Semiconductor sold its Puyallup (Wash.) wafer manufacturing plant to Matsushita Semiconductor, Mr. Perret stayed with Matsushita as Controller for the newly formed company. Early in his career, Mr. Perret held financial positions with Syva Corporation (a pharmaceutical manufacturer), Raytheon Company's Semiconductor Division and The General Electric Company. Mr. Perret holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Business Administration (Accounting) from San Jose State University. About Actel Actel is dedicated to providing logic designers with the capability to move up successfully to higher capacity designs. The company is the world's leading supplier of antifuse-based field programmable gate arrays (FPGAs) and associated software development tools. FPGAs are used by designers of communications, computer, medical military/aerospace, industrial control and other electronic systems to differentiate their products and get them to market faster. Actel is traded on the NASDAQ National Market under the symbol ACTL and is located at 955 East Arques Ave., Sunnyvale, California 94086-4533. Telephone: 408/739-1010. Internet: http://www.actel.com -0- Note to editors: The Actel name and logo are trademarks of the Actel Corporation. All other trademarks are the property of their respective owners. CONTACT: Actel Corp. Chuck Byers, 408/739-1010 (media contact) cbyers@actel.com Hank Perret, 408/522-4542 (analyst contact) |
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