Conexant Appoints New Chief Financial Officer.Industry Veteran Karen Roscher to Join Company from Freescale Semiconductor Freescale Semiconductor, Inc. is an American semiconductor manufacturer. It was created by the divestiture of the Semiconductor Products Sector of Motorola in 2004. Freescale focuses their integrated circuit products on the automotive, embedded and communications markets. 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 and the digital home, today announced that Karen Roscher will be joining the company on Sept. 10, 2007 as senior vice president and chief financial officer. Roscher, 48, replaces J. Scott Blouin, who will be leaving Conexant to pursue other opportunities. In her new role, Karen will report to Dan Artusi, Conexant president and chief executive officer. "Karen is a seasoned semiconductor-industry veteran with impeccable credentials and an outstanding addition to Conexant's senior leadership team," Artusi said. "I am confident that the breadth and depth of her financial-management experience will enable her to make invaluable contributions as we concentrate on the critical tasks of sharpening our focus and improving our business and financial performance as quickly as possible. I had the pleasure of working with Karen for many years at Motorola Semiconductor and know her to be a smart, dedicated, and energetic professional who possesses the highest level of integrity." "I'd also like to thank Scott for his dedication and contributions during his time with the company," Artusi said. "Scott provided financial guidance and expertise as Conexant executed many high-profile transactions over a period of years. He also provided an informed perspective and valuable assistance during my first sixty days with the company. On behalf of the entire Conexant team, I'd like to wish him the best in his future endeavors." "The opportunity to serve as Conexant's chief financial officer represents the high point of my career," Roscher said. "The company has an exceptional portfolio of products and solid prospects, and this appointment will allow me to apply my experience with the Conexant team as we work to improve financial performance and enhance value over time. I'm excited about the prospect of teaming up with Dan again and eager to begin my new assignment." Roscher spent 26 years in a variety of financial management positions with Motorola, Inc. and Freescale Semiconductor, Inc., which was spun-off from Motorola in 2004 and acquired by a Blackstone-led consortium of private-equity partners in 2006. Most recently, she served as Freescale's vice president of Corporate Financial Planning Corporate financial planning Financial planning conducted by a firm that encompasses preparation of both long-and short-term financial plans. and Analysis and was responsible for financial modeling, forecasting, and budgeting for the company. Prior to that, she was Freescale's vice president of Tax, and vice president and corporate controller responsible for worldwide transactional services and external reporting. At Motorola, she served as vice president and Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Analysis Director for the Semiconductor Products Sector, vice president and Networking and Computing Systems Group Finance Director, and Semiconductor Sector Headquarters Controller. Roscher earned a bachelor's degree in accounting and 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, both from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. . She is also 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. . Roscher will be relocating from Austin, Texas, to the company's offices in Newport Beach, Calif. About Conexant Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company's comprehensive portfolio includes products for broadband access See broadband and wireless broadband. and media processing See media control. applications. 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 revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees, and is headquartered in Newport Beach, Calif. To learn more, please visit 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 "Safe Harbor" Statement under 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: This release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our 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 of our customers to manage inventory; our 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. , including claims of infringement of third-party intellectual property rights or demands that we license third-party technology, and the demands it may place on the time and attention of our management and the expense it may place on our company; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. 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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