Chipworks Announces Organizational Changes: Julia Elvidge Named President; Terry Ludlow Assumes Chairman and CEO Role.Business Editors/High-Tech Writers OTTAWA--(BUSINESS WIRE)--Sept. 9, 2003 Chipworks Inc. ("Chipworks"), the standard setting supplier of reverse engineering services, announced today that Julia Elvidge will assume the title of President of Chipworks, effective immediately. Ms. Elvidge will be focused on day-to-day operations and execution of Chipworks' Strategic Plan. Chipworks current President and Founder, Terry Ludlow, will be retaining the title of Chairman 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. and will be focused on long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategy and special strategic projects. "Julia is exceptionally well qualified for the role of President of Chipworks," said Terry Ludlow. "She has an intimate knowledge of the business and the entire operation of Chipworks. There is no one I would feel more comfortable in turning over day-to-day operations to," stated Ludlow. Ms. Elvidge has more than sixteen years experience in the advanced technology sector including prior positions with companies such as LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic and MOSAID Technologies. She joined Chipworks in 1994, and was instrumental in growing the Company from a one person consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a to over 85 full time dedicated professionals. She has held the position of Director of Competitive Analysis, IT and R&D; her responsibilities included management of the Competitive Analysis. As well, Ms. Elvidge oversaw o·ver·saw v. Past tense of oversee. the progress of new analysis tools developed by the R&D group. Her most recent role was Vice-President of Marketing and Sales. "I am excited about the challenges and opportunities facing Chipworks in the coming years," said Ms. Elvidge. "I believe that my career to this point has prepared me well for the challenge of running a company. Taking over Chipworks as we head into an industry recovery will provide numerous opportunities for growth, building on the solid foundation of Chipworks existing clients and business," claimed Elvidge. In addition, Steven Adam, Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → for Chipworks will assume the title of Vice President, Sales (Acting) for Chipworks. Mike Thumm, CFO See Chief Financial Officer. and VP Administration and Mario Labatte, VP Operations, will continue in their respective roles. About Chipworks Chipworks is an internationally recognized technical services company that analyzes the circuitry and physical composition of semiconductor chips and electronics systems for applications in patent licensing support and competitive study. Chipworks' technical experts use sophisticated lab facilities and a rich library of in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. semiconductor data and expertise to conduct detailed analyses of a wide selection of chip types. Chipworks develops high value, meticulously me·tic·u·lous adj. 1. Extremely careful and precise. 2. Extremely or excessively concerned with details. [From Latin met researched, on-time reports presented in a format that is easy to understand and tailored to customer needs. For over 10 years, Chipworks has successfully helped leading-edge semiconductor and electronics organizations achieve their goals by supporting research and development efforts in strategic product development and patent portfolio management. Headquartered in Ottawa, Canada, the Company has offices worldwide. Chipworks can be visited via the Internet at www.chipworks.com |
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