CATALYST SEMICONDUCTOR, INC. NAMES MICHAEL POWELL CHAIRMAN OF THE BOARD.SEMICONDUCTOR, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : CATS) today announced the appointment of President and 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. , Michael Powell There have been a number of well-known people named Michael Powell or Mike Powell, among them:
B.K. Marya, the Company's founder and former Chairman, said, "Catalyst has made significant progress under Michael's leadership. During the past four quarters sales have increased 23%, the Company has returned to profitability, a second wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. foundry partnership was concluded, and our FLASH products were qualified by a number of major OEMs. Michael's promotion to Chairman is a logical step in the succession plan I initiated two years ago when Michael was brought on board as President and COO of the Company. One year ago I recommended that Michael be promoted to CEO and today the Company's Board of Directors has unanimously accepted my recommendation that Michael be made Chairman of the Board." Mr. Powell said, "I am very pleased with the confidence B.K. and the Board of Directors have shown in me. I am particularly pleased that B.K., who is leaving the Board, will continue to serve as a consultant to the Company and to me. His experience in working with customers and suppliers in Japan and Europe will be invaluable. Lionel M. Allan, internal legal counsel and long-time advisor to the Company, has been appointed to fill the vacancy on the Board." Catalyst Semiconductor, Inc. designs and markets a range of nonvolatile semiconductor memory products. Its headquarters are in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . CONTACT: CATALYST SEMICONDUCTOR, INC. Donald B. Witmer, 408/764-0260 or WOLFE AXELROD ASSOCIATES Mona J. Walsh, Stephen D. Axelrod, Barbara Yu (Media), 212/370-4500 |
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