Its pretty much all over the wires now.. the PR isn't too revealing..
S3 Incorporated Accepts Resignation of George Hervey, Senior VP
Finance and Chief Financial Officer
SANTA CLARA, Calif., March 4 /PRNewswire/ -- S3(R) Incorporated (Nasdaq: SIII), the world's largest supplier of
graphics, video and multimedia accelerators(1), announced today that George Hervey, senior vice president of finance and
chief financial officer has resigned to join Galileo Technology of San Jose, CA, a privately-held fabless semiconductor
company which focuses on networking products.
"While we are saddened to see George leave S3, we understand his motivation in applying his expertise in leading another
start-up to success," said Gary Johnson, president and CEO of S3 Incorporated. "George has been a valued member of the
executive staff and has played an integral role in the growth and progress of S3. He leaves in place a solid financial support
team and we wish him well in his new endeavor."
An executive search is underway and S3 plans to aggressively identify and pursue all qualified candidates to fill the position as
quickly as possible. Dale Lindly, corporate controller, will assume the role of acting CFO until a replacement is named. Mr.
Lindly has over 15 years of experience in finance including the CFO position at other high technology companies.
"Leaving S3 is difficult for me. I am proud of the advancements we have accomplished together and the talented people I have
worked with during my four years here. I am confident in the competence and energy of the S3 management team and look
forward to watching the future success of the company," stated George Hervey, departing senior VP of finance and CFO.
About S3 Incorporated
S3 Incorporated, founded in 1989 with headquarters in Santa Clara, California, is the world's largest supplier of multimedia
acceleration hardware and its associated software. S3 is committed to applying its expertise in audio, video, graphics and
platform acceleration to create innovative and affordable products for the home, desktop and mobile markets. The company's
vision for the future is to also bring a rich, consumer electronics-type experience to PC users -- integrating the best available
consumer multimedia technologies into the mainstream PC platform.
Except for historical information contained herein, the matters set forth in this press release may be forward-looking statements
that are subject to risk and uncertainties, including the impact of competitive products and pricing and of alternative
technological advances, the timely and successful development and market acceptance, of new products and upgrades to
existing products, and other risks detailed from time to time in S3's SEC reports.
S3 is a registered trademark of S3 Incorporated. The S3 corporate logo is a trademark of S3 Incorporated. All tradenames
referenced are the service marks, trademarks, or registered trademarks of their respective manufacturers.
S3 Website Location: s3.com
(1) Source: Mercury Research (Scottsdale, AZ) SOURCE S3 Inc. |
