SigmaTel Announces Scott Schaefer's Promotion to Chief Financial Officer.Ross Goolsby to Leave after Transition Period AUSTIN, Texas -- SigmaTel, 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 :SGTL SGTL Silicon Graphics Teaching Laboratory ), a leader in mixed-signal multimedia semiconductors, announced Scott Schaefer, Director of Finance, has been appointed chief financial officer, effective December 11, 2006. "Scott offers tremendous experience as our new CFO See Chief Financial Officer. and has been SigmaTel's Director of Finance with responsibility for all accounting functions. In his new role, we expect Scott to help improve our forecasting methodologies and improve our overall expense controls," stated Ron Edgerton, chairman and chief executive officer of SigmaTel. "We thank Ross for his years of service." Mr. Schaefer joined the company in 2005. Prior to joining SigmaTel, Mr. Schaefer held various finance positions within the semiconductor sector, with over 16 years of financial management experience in the semiconductor industry, including serving as chief financial officer at a number of private and public companies. Mr. Schaefer 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. in the State of Texas and holds a Bachelor of Business Administration “BBA” redirects here. For other uses, see BBA (disambiguation). The Bachelor of Business Administration (BBA) is a bachelor's degree in business studies. in Accounting from Texas Tech University. Mr. Schaefer replaces Ross Goolsby, who will be leaving SigmaTel at the end of the year. For more information on SigmaTel, please visit: www.sigmatel.com. About SigmaTel: SigmaTel, Inc. 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. headquartered in Austin, Texas, designs, develops, and markets proprietary, analog intensive, mixed-signal ICs for a variety of digital multimedia products in the consumer electronics and computing markets, including portable compressed audio players, such as MP3 players, digital video cameras, multi-function peripheral products, digital televisions, and set-top boxes. SigmaTel provides complete, system-level solutions that include highly-integrated ICs, customizable firmware and software, software development tools, reference designs, and applications support. The Company's focus is on providing system-level solutions that enable customers to rapidly introduce and offer electronic products that are small, light-weight, power-efficient, reliable, and cost-effective. SigmaTel is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000 certified and is committed to providing customers with high performance, quality products along with superior customer service. |
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