Dave Orton Named as ATI's Next CEO; KY Ho To Remain as Chairman, and Continue to Drive ATI's Strategic Business Relationships.Business Editors/High-Tech Writers MARKHAM, Ontario--(BUSINESS WIRE)--March 31, 2004 KY Ho, 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. of ATI Technologies 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 :ATYT ATYT ATI Technologies, Inc (stock symbol) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ATY ATY Air Textured Yarn (textile) ATY Watertown, SD, USA (Airport Code) ATY After-Tax Yield ) has announced on behalf of the board that Dave Orton, currently ATI's President and COO, will become CEO on June 1. The announcement is a natural succession in the transition planned when Mr. Orton joined ATI in 2000, and will not require any changes to ATI's management structure. Mr. Ho will remain as Chairman, and continue to focus on ATI's strategic business relationships. "ATI has never been stronger than it is today," said KY Ho. "It is now time for me to focus on the Chairman role, particularly with regards to our strategic customer and supplier relationships. To a large extent, this announcement merely formalizes the existing situation - Dave has done a great job spearheading the success ATI enjoys today." In unrelated news, Terry Nickerson, ATI's CFO See Chief Financial Officer. , has announced that he is planning to retire as soon as a replacement has been found. Mr. Nickerson is approaching his 65th birthday. He will participate in the search process, support the handover, and then move into a consultancy/advisory role. About ATI Technologies ATI Technologies Inc. is a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. An industry pioneer since 1985, ATI is the world's foremost visual processor unit (VPU) provider and is dedicated to deliver leading-edge performance solutions for the full range of PC and Mac desktop and notebook platforms, workstation, set-top and digital television, game console and handheld markets. With 2003 revenues in excess of U.S. $1.3 billion, ATI has more than 2,500 employees in the Americas, Europe and Asia. ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (ATY). Copyright 2004 ATI Technologies Inc. All rights reserved. ATI and ATI product and product feature names are trademarks and/or registered trademarks of ATI Technologies Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice. For media or industry analyst support, visit our Web site at http://www.ati.com |
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