Celestry Appoints Industry Veterans as Execs; Joe Zaelit Joins Celestry as CFO, Jim Cantele Joins as Vice President, North American and European Sales.Business Editors & High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 23, 2002 Celestry Design Technologies, Inc., the leading provider of Silicon Accurate Sign-off(TM) technology for the semiconductor and electronics industry, today announced the appointment of Joseph M. Zaelit as executive vice president and chief financial officer (CFO See Chief Financial Officer. ), and James M. Cantele as vice president, North American and European Sales. Both executives report to Dr. Zhihong Liu, 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. . "To address the growing interest in our physical analysis software and services throughout the world, we are strengthening our executive team with experienced individuals that can manage our growth," stated Dr. Liu. "The rich experiences brought by the new executive members will prepare Celestry for the next level of growth and success in business." "I joined Celestry because of its technology and leadership position in the physical design market. The continued worldwide demand for our silicon sign-off products and services is the foundation for moving to the next level, and I look forward to being part of the team that makes this possible," added Joe Zaelit. Joe Zaelit is responsible for Celestry's financial, HR, legal and administrative matters. He was most recently the CFO of GRIC GRIC Global Reach Internet Connection GRIC Government Relations Institute of Canada (industry association) Communications (Nasdaq:GRIC), where he helped lead the company through its successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. process. Prior to this, he was CFO of VeriFone for five years after spending twenty years in a number of senior financial positions at Hewlett-Packard (NYSE NYSE See: New York Stock Exchange :HPQ). He holds a BS degree in accounting and MBA from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. , and is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Before joining Celestry, Jim Cantele was vice president, Worldwide Sales, at Oridus (Fremont, Calif.), held various management positions at Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. (NYSE:CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) and was responsible for the IC Technology Centers at Mentor Graphics Corporation (Nasdaq:MENT). He holds a BS degree in Electrical and Electronic Engineering from CSU Sacramento, and an MS degree in Math and Computer Science from San Jose State. About Celestry Celestry is the leading provider of physical design products that enable integrated circuit designers to achieve optimal performance from semiconductor process technologies. The Company offers software and services to electronic and semiconductor companies involved with the design of chips that are used in networking, communication, multimedia and computing products. Celestry Design Technologies, Inc. is headquartered at 2560 Junction Avenue, San Jose, CA 95134, USA. For more information visit www.celestry.com, email info@celestry.com or call 408/451-1210. Silicon Accurate Sign-off, Celestry and the Celestry logo are trademarks of Celestry Design Technologies, Inc. All other tradenames and trademarks are the property of their respective owners. |
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