Conexant Announces Senior Management Changes; New Chief Operating Officer and Business Leadership Team Focused on Delivering Improved Performance.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Conexant Systems, Inc. (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 :CNXT), a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, today announced changes to its senior management team, including the appointment of a new chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and new general managers for several of the company's business units. "We have moved quickly to implement significant changes in the leadership of our company," said Dwight W. Decker, Conexant chairman and chief executive officer. "These changes are targeted at improving our market execution and allowing us to deliver steady performance improvements within a relatively short period." Decker was named chief executive officer last week, returning to the position he held prior to the merger of Conexant and GlobespanVirata in February 2004. Chief Operating Officer Lewis C. Brewster has been appointed executive vice president and chief operating officer. In his new role, Brewster is responsible for Operations, Sales and Quality. He replaces Michael Powell, who was chief operating officer. Powell resigned from the company for personal reasons. Brewster held the same position with Conexant prior to the merger. Wireless and Networking Components Products Chee Kwan has been named vice president and general manager of the Wireless and Networking Components Products organization, replacing Lawrence Ciaccia, who is leaving Conexant to pursue personal interests. Most recently, Kwan served as vice president of Marketing for this business unit. The wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area organization is focusing on driving actions to regain market share, and on delivering cost-competitive, differentiated solutions. Broadband/DSL Access Products Akram Atallah has been appointed vice president and general manager of Conexant's Broadband/DSL Access Products business, replacing Michael Powell, who had been acting in this capacity. Atallah was vice president and general manager of the company's Universal and Voice Access Products group. The Broadband/DSL Access group is concentrating on maximizing market share and maintaining and expanding its No. 1 position in DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary . Broadband Media Processing See media control. Products Jeff Crosby has been named vice president and general manager of Broadband Media Processing Products, which consists of Set-top Box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. Products and Convergence Video Products. Crosby previously served as vice president and general manager of Set-top Box Products. Greg Fischer, who held the same position for the Convergence Video group, has chosen to leave Conexant. Broadband Media Processing is chartered with leveraging common digital TV and convergence video technologies in order to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. increasing communications and video opportunities. Universal and Voice Access Products Mark Duvall has been appointed vice president and general manager of the company's Universal and Voice Access Products business, replacing Atallah. Duvall was vice president of Americas Sales. The Universal and Voice Access Products group is focused on maintaining its leadership position while maximizing profitability on an ongoing basis, and capitalizing on growth opportunities in the multifunction printer See MFD. and voice-over-IP segments. Brewster reports to Decker, and Kwan, Atallah, Crosby, and Duvall report to Matt Rhodes, the president of Conexant. "Each of these highly motivated executives has an established track record of effective leadership and accomplishment at Conexant, and we are now asking more of them," Decker said. "Lewis has demonstrated his expertise in managing Conexant's fundamental business processes, and he has strong relationships with our worldwide customer base. Chee, Akram, Jeff, and Mark are completely committed to achieving success in their new roles, and they have clear charters to deliver innovative new products to market on schedule and to re-energize and focus their teams on our highest priority opportunities. I expect each of them to play key roles as we return to profitability and increase investor confidence over the next several quarters." Executive Biographies Lewis Brewster, 40, joined Rockwell Semiconductor Systems in 1991, which became Conexant when it was spun-off from Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. in 1999. During his tenure with Rockwell Semiconductor Systems, Brewster held various executive positions, including executive director of Americas Sales, and director of Strategic Sales and Operations. Most recently, he served as executive vice president of Sales, Operations and Quality. Prior to that, he was chief operating officer and executive vice president for the pre-merger Conexant. Brewster received a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from Stanford University and a bachelor's degree in electrical engineering and biomedical engineering Biomedical engineering An interdisciplinary field in which the principles, laws, and techniques of engineering, physics, chemistry, and other physical sciences are applied to facilitate progress in medicine, biology, and other life sciences. from Duke University. Chee Kwan, 45, has been with Conexant since 1992. Most recently, he was vice president of marketing for the Wireless and Networking Components Products business. Before that, he was vice president of Broadband Access Products for the pre-merger Conexant. Prior to Conexant, Kwan held a series of engineering positions at Lear Siegler Telecommunications, Memorex-Telex Lexar, Computer Communications and Hamilton Avnet Electronics, working primarily in the areas of telecommunications and networking technologies. Kwan earned his bachelor's degrees in electrical engineering from Harvey Mudd College Harvey Mudd College: see Claremont Colleges. and in economics from Pomona College. Akram Atallah, 42, joined Conexant in 1992. Most recently, he served as vice president and general manager of Universal and Voice Access Products. Prior to Conexant, Atallah spent 6 years as an engineering manager at SyQuest Technologies, where he was in charge of hardware and software architecture and development. Before that, Atallah worked for Conner Peripherals in application specific integrated circuit (ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. ) design and software development. Atallah earned his bachelor's degree in electrical engineering and computer science, and received his master's degrees in computer engineering and business administration from the University of Colorado at Denver
In 1912, the University of Colorado established a downtown Denver campus to meet the needs of the city's rapidly expanding . Jeff Crosby, 46, joined Conexant as vice president of Set-top Box Products in December 2002. Before that, he was senior vice president of engineering at DIRECTV, where he was responsible for R&D and product development. Previously, he worked as a program manager for Hughes Space and Communications, where he was responsible for overseeing business development in support of future U.S. government space systems. Crosby received his bachelor's degree in electrical engineering from the University of Idaho The university was formed by the territorial legislature of Idaho on January 30, 1889, and opened its doors on October 3, 1892 with an initial class of 40 students. The first graduating class in 1896 contained two men and two women. and his master's degree in business administration from the University of California, Los Angeles UCLA comprises the College of Letters and Science (the primary undergraduate college), seven professional schools, and five professional Health Science schools. Since 2001, UCLA has enrolled over 33,000 total students, and that number is steadily rising. . He also completed graduate work in electrical engineering at the University of Idaho. Mark Duvall, 49, joined Conexant in 1996, and has served as vice president, Americas Sales, for the past 4 years. Before that, he spent 3 years as vice president of marketing for the company's Personal Computing Division, which included Conexant's Universal Access analog modem business. Previously, he was the executive director of strategic sales for Rockwell. Duvall also held executive management positions at VLSI Technology, and engineering positions at Companion Systems and Time Mark Corp. He also served in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . Duvall holds a bachelor's degree in computer and information science from Western International University. About Conexant Conexant's innovative semiconductor solutions are driving broadband communications, enterprise networks and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks. Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of 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. 802.11a/b/g-compliant WLAN See wireless LAN. WLAN - wireless local area network chipsets, software and reference designs, as well as solutions for applications based on HomePlug(SM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines. Conexant is 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. that recorded more than $900 million in revenues in fiscal year 2004. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains statements relating to our future results (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; and the risk that the businesses of Conexant and GlobespanVirata have not yet been completely and may not be integrated successfully, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners. |
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