Microsemi Corp. Appoints Ralph Brandi Executive Vice President/Chief Operations Officer
High-Technology Veteran Named To Lead Company's Operating Management Team
IRVINE, Calif.--(BUSINESS WIRE)--July 31, 2002--Microsemi Corp. (Nasdaq:MSCC - News) today announced that Ralph Brandi has been promoted to executive vice president and named chief operations officer of the company.
Brandi, who now heads Microsemi's worldwide general management team, is the architect of the company's on-going Capacity Optimization and Profit Enhancement Program. Under his direction, the optimization program has resulted in annual cost savings in excess of $10 million from the elimination of three redundant facilities and associated staff. Brandi continues to report to James J. Peterson, president and chief executive officer.
"Ralph is a solid veteran of the high tech wars who wins respect with his direct style and unwavering ability to stay focused on company profitability," Peterson said. "His expertise in power management and RF products, coupled with his proven track record of streamlining our business units, has brought the right kind of operational vision to Microsemi, as we've moved forward to reshape our corporation," he added.
Brandi joined the Microsemi management team in April 1999 as part of the company's acquisition of Linfinity Microelectronics and was appointed corporate vice president of operations in April 2001. He joined Linfinity in 1978, holding a variety of management positions there including senior vice president.
Previously he served 11 years with TRW Corp. where his engineering and management positions included RF products division manager. He holds a BSEE degree from the University of California, Los Angeles.
About Microsemi
Microsemi is a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components as well as complete circuit solutions that enhance customer designs by improving reliability, battery optimization, reducing size or protecting circuits. Markets the company serves include mobile connectivity, computer/peripherals, telecom/datacom, medical, industrial, automotive, digital media, space/satellite and military.
More information may be obtained by contacting the company directly or by visiting its Web site at microsemi.com.
The following factors that can materially affect Microsemi's future results:
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Potential risks and uncertainties include, but are not limited to, such factors as the difficulties regarding the making of estimates and projections, the hiring and retention of qualified technical personnel in a competitive labor market, acquiring and integrating new operations or assets, closing or disposing of operations or assets, rapidly changing technology and product obsolescence, the potential inability to realize cost savings or productivity gains and to improve capacity utilization, potential cost increases, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, results of in-process or planned development or marketing and promotional campaigns, changes in demand for products, difficulties foreseeing future demand, effects of limited visibility of future sales, potential non-realization of expected orders or non-realization of backlog, unexpected business and economic conditions or adverse changes in current or expected industry conditions, business disruptions, future effects of the tragic events of September 11, variations in customer order preferences, fluctuations in market prices of the company's common stock and potential unavailability of additional capital on favorable terms, difficulties in implementing company strategies, dealing with environmental matters or litigation, difficulties protecting patents and other proprietary rights, and inventory obsolescence. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K filed on Dec. 24, 2001 and the Form 10-Q filed on May 10, 2002, each filed by Microsemi with the Securities and Exchange Commission. Microsemi does not undertake to supplement or correct any information in this release that is or becomes incorrect.
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Contact:
Microsemi Corp., Irvine
David R. Sonksen (investor inquiries), 949/221-7101 or
714/979-8220 (financial)
Fax: 714/966-5256
or
Cliff Silver (editorial), 714/979-8220
Fax: 714/966-5256 |
