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CSR Chief Executive Succession.


CAMBRIDGE, England -- * CSR plc CSR (LSE: CSR), or Cambridge Silicon Radio is a company based in Cambridge, England whose main product line is a single-chip implementation of the Bluetooth standard for radio-signal communication between devices. CSR is a fabless semiconductor manufacturer.  (LSE LSE - Language Sensitive Editor :CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. ):

CSR plc (LSE:CSR), the wireless solutions provider and the leader in Bluetooth technology, today announces Joep van Beurden, currently Chief Executive Officer of NexWave Inc, will join the Board of CSR and assume the role of Chief Executive Officer with effect from the 1 November, 2007. John Scarisbrick is stepping down from the Board of CSR and his role as Chief Executive Officer on the 1 November 2007. He will act in an advisory capacity to CSR from that date until the 31 December 2007.

Ron Mackintosh, Chairman, said 'John has made a substantial contribution to CSR, first as a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way.  since 2004 and then as Chief Executive Officer since March 2006. Over that period, CSR has achieved impressive growth, developed its business on all fronts and clearly reinforced its position as the global leader in our sector. As our recent financials and third quarter guidance demonstrate, John is leaving CSR in robust shape and well positioned for the next phase of its development.

'The Board undertook an in-depth selection process and is delighted to announce Joep as our new Chief Executive. In his career, Joep has more than demonstrated his strong strategic vision, proven leadership abilities and energy. His mix of skills and experience, including in the scaling of technology businesses and in sales and marketing, suit him ideally to the opportunities facing CSR as our wireless technologies evolve both within and increasingly beyond the mobile marketplace. We are confident in the future of CSR under Joep's leadership.'

Joep, age 47, brings with him over 10 years of experience in managing technology companies in the US and Europe. He is currently the Chief Executive of NexWave Inc., a provider of embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed.  solutions for the consumer electronics market, based in France. Prior to joining NexWave, Joep held senior positions at Canesta Inc., a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. , and Philips Components, where he was instrumental in the creation of the successful joint venture with LGE LGE LG Electronics
LGE Local Government Employers (UK)
LGE Laser Guided Energy
LGE Louisville Gas & Electric
LGE Loop or Ground-start, Exchange (Newbridge) 
 to address the growing flat panel television market. Prior to that, Joep worked for five years at McKinsey & Company in Amsterdam. Joep holds a Masters degree in Applied Physics from Twente University of Technology. He is married with four children and he and his family are relocating from their current home in France to Cambridge, UK.

John Scarisbrick, said: 'I have enjoyed my time with CSR and am very proud of its accomplishments as the leading global provider of personal wireless technology. CSR continues to show strong growth; it has an exceptional and exceptionally talented team; and the opportunities for wirefree connectivity continue to expand. In Joep, CSR has found the right person to succeed me and I wish him and CSR all the very greatest of continued success, which I am confident both will enjoy.'

On 25 July, CSR reported record revenues and operating cash flow Operating cash flow

Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements.
 for the first half of 2007, with design-in and design-win momentum strong across all applications, and drew attention to the strong marketplace and continuing future growth opportunities over the medium and longer term. CSR will report third quarter revenues in line with the previous guidance of $230-250 million.

About CSR

CSR is the leading global provider of personal wireless technology and its product portfolio covers Bluetooth, GPS, FM receivers and WiFi (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11). CSR offers developed hardware/software solutions, based around its silicon platforms, that incorporate fully integrated radio, baseband and microcontroller A single chip that contains the processor (the CPU), non-volatile memory for the program (ROM or flash), volatile memory for input and output (RAM), a clock and an I/O control unit.  elements.

CSR's customers include industry leaders such as Apple, Dell, LG, Motorola, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).

NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd.
, Nokia, Panasonic, RIM, Samsung, Sharp, Sony, TomTom and Toshiba.

CSR has its headquarters and offices in Cambridge, UK, and offices in Japan, Korea, Taiwan, China, India, France, Denmark, Sweden and both Dallas and Detroit in the USA.

More information can be found at www.csr.com
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Sep 25, 2007
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