Pixelworks Appoints Elias Nader as Chief Financial Officer
September 16 2019 - 8:00AM
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of
power-efficient visual processing solutions, today announced the
appointment of Elias N. Nader as chief financial officer, effective
September 16, 2019. Nader succeeds Steven L. Moore, who previously
held the role for more than 12 years. Moore will remain engaged as
a consultant to the Company through February 2020 to assist with
the transition.
Nader is an accomplished senior executive with
over 25 years of experience in finance, accounting and C-level
leadership, having most recently served as the interim president
and CEO of Sigma Designs, Inc. He also served as the company’s
chief financial officer during his tenure at the company, in
addition to being appointed to the Board of Directors of Sigma
Designs in early 2018. Before joining Sigma Designs, Nader was the
chief financial officer for Imperial Holding as well as a financial
consultant to several global companies in Europe and the Middle
East. He previously held positions as corporate controller of
Dionex Corporation, which was acquired by Thermo-Fisher, and vice
president of finance at InterWave Communications, which was
acquired by Alvarion, Inc., as well as served in a number of roles
with leading companies such as Adaptive Broadband, Price Waterhouse
Coopers (PWC), VeriFone and Seagate. Nader currently serves as a
member of the audit committee on the Board of Directors of LMP
Motors, based in Florida. From 2016 to 2018, he was a member
of the audit committee on the Board of Directors of YuMe, Inc.,
which was acquired by RhytmOne. Nader is a graduate of San Jose
State University.
“Elias is a highly capable executive and a
strong addition to our senior leadership team,” stated Todd
DeBonis, President and CEO of Pixelworks. “In addition to his
considerable financial background and a solid understanding of
display technologies and end markets, he brings extensive
experience in leading global organizations. Elias is joining
Pixelworks at a pivotal and exciting time, as we continue to gain
momentum around our mobile initiatives and drive the Company toward
the next level of growth. It’s my pleasure to welcome Elias to the
team, and I’m excited about the contributions he will make to the
Company’s future success.”
Mr. DeBonis further commented, “I also want to
take this opportunity to thank Steve for his substantial
contributions and many years of dedicated service to Pixelworks.
Steve has been a strong steward of the Company’s financial
operations for more than a decade, and he played an important role
in helping Pixelworks to reach the pivotal position it is at today.
I look forward to working closely with him as we transition the CFO
role to Elias, and we wish Steve the very best in his future
endeavors.”
About PixelworksPixelworks
provides industry-leading content creation, video delivery and
display processing solutions and technology that enable highly
authentic viewing experiences with superior visual quality, across
all screens – from cinema to smartphone and beyond. The Company has
a 20-year history of delivering image processing innovation to
leading providers of consumer electronics, professional displays
and video streaming services. Pixelworks is headquartered in San
Jose, CA. For more information, please visit the company’s web site
at www.pixelworks.com.
Note: Pixelworks and the Pixelworks logo are
registered trademarks of Pixelworks, Inc.
Investor Contact:Brett L
PerryShelton GroupP: 214-272-0070E: bperry@sheltongroup.com
Media Contact:Agnes
ToanPixelworks, Inc.E: comms@pixelworks.com
Safe Harbor StatementThis
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements may be identified by use of terms such as “begin,”
“continue,” “will,” “expect”, “believe,” “anticipate” and similar
terms or the negative of such terms, and include, without
limitation, statements about the Company’s mobile initiatives and
growth, and the CFO transition. All statements other than
statements of historical fact are forward-looking statements for
purposes of this release. Such statements are based on management's
current expectations, estimates and projections about the Company's
business. These statements are not guarantees of future performance
and involve numerous risks, uncertainties and assumptions that are
difficult to predict. Actual results could vary materially from
those contained in forward looking statements due to many factors,
including, without limitation: our ability to execute on our
strategy; competitive factors; the success of our products in
expanded markets; current global economic challenges; changes in
the digital display and projection markets; seasonality in the
consumer electronics market; our efforts to achieve profitability
from operations; our limited financial resources and our ability to
attract and retain key personnel. More information regarding
potential factors that could affect the Company's financial results
and could cause actual results to differ materially from those
discussed in the forward-looking statements is included from time
to time in the Company's Securities and Exchange Commission
filings, including its Annual Report on Form 10-K for the year
ended December 31, 2018 as well as subsequent SEC filings. The
forward-looking statements contained in this release are as of the
date of this release, and the Company does not undertake any
obligation to update any such statements, whether as a result of
new information, future events or otherwise.
Pixelworks (NASDAQ:PXLW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pixelworks (NASDAQ:PXLW)
Historical Stock Chart
From Apr 2023 to Apr 2024