MaxLinear Announces Appointment of Chief Financial Officer
December 28 2010 - 4:08PM
Business Wire
MaxLinear Inc. (NYSE: MXL), a leading provider of integrated
radio frequency (RF) and mixed-signal integrated circuits for
broadband communication applications, today announced that Adam C.
Spice will be joining MaxLinear, Inc. as its Vice President and
Chief Financial Officer.
Mr. Spice brings a wealth of financial management, corporate
development, strategic planning, and operational experience in the
semiconductor industry to MaxLinear.
From 2000 until 2009, Mr. Spice worked in senior financial
management and operational roles at Broadcom Corporation, one of
the world’s largest fabless communications semiconductor companies.
Most recently, he served as Broadcom’s Vice President of Finance
and Corporate Development, where he was responsible for strategic
planning, mergers and acquisitions, corporate development,
corporate-wide financial planning & analysis, and treasury
functions. In particular, during this period of Broadcom’s rapid
growth, in his role as the corporate development lead, Mr. Spice
led more than 30 of Broadcom’s acquisitions and other strategic
equity investments. As Corporate Treasurer, he was responsible for
managing Broadcom’s substantial cash and portfolio investments,
along with credit, collections, and risk management. From 2006 to
2008, Mr. Spice served as Vice President and General Manager of
Broadcom’s Mobile Power Management Business Unit in the Mobile
Platforms group.
From October 2009 to November 2010, Mr. Spice served as the
Chief Financial Officer of Symwave Corporation, a venture backed
private fabless semiconductor company acquired by Standard
Microsystems Corporation. Prior to joining Broadcom, Mr. Spice
served in senior finance and corporate development roles with
Intel’s Planning and Logistics Division and with Intel Capital in
its acquisitions and integration team.
Mr. Spice received a Bachelor of Business Administration degree
from the Brigham Young University and an MBA from The University of
Texas at Austin.
“We are delighted to have Adam Spice join us as our Chief
Financial Officer,” said Kishore Seendripu, Ph.D., Chairman, and
Chief Executive Officer of MaxLinear, Inc. “We believe that Adam is
uniquely qualified to lead our finance department and manage our
continuing compliance and internal control initiatives. Adam’s
breadth and depth of experience in leadership roles in corporate
finance, mergers and acquisitions, corporate development, treasury,
and strategic planning will be of great value for us as we continue
to build upon our success so far.”
Mr. Spice commented: “I am looking forward to joining MaxLinear
at this critical stage of its development. MaxLinear has a great
track record of product and technology innovation, and I am eager
to contribute to building and expanding its business.”
MaxLinear expects Mr. Spice to join as Vice President and Chief
Financial Officer effective January 3, 2011.
About MaxLinear, Inc.
MaxLinear, Inc. is a leading provider of radio frequency and
mixed-signal semiconductor solutions for broadband communication
applications. MaxLinear is located in Carlsbad, California, and its
address on the Internet is www.maxlinear.com.
MxL and the MaxLinear logo are trademarks of MaxLinear, Inc.
Other trademarks appearing herein are the property of their
respective owners.
Cautionary Note About Forward-Looking Statements
This press release contains “forward-looking” statements within
the meaning of federal securities laws. Forward-looking statements
include, among others, statements concerning or implying
MaxLinear’s future financial performance, trends and opportunities
affecting MaxLinear, performance, potential market acceptance, or
timing of availability of MaxLinear’s new products, and the ability
of management personnel to contribute to the growth of its
business. These statements involve known and unknown risks,
uncertainties, and other factors that may cause actual results to
be materially different from any future results expressed or
implied by these forward-looking statements. MaxLinear’s business,
revenues, and operating results are and will be subject to numerous
risks and uncertainties, including (among others) uncertainties
concerning how end user markets for its products will develop;
potential delays in the commercial availability of new products;
MaxLinear’s dependence on a limited number of customers for a
substantial portion of revenues; its ability to continue to develop
and introduce new and enhanced products on a timely basis; and
potential decreases in average selling prices for its products. In
addition to these risks and uncertainties, investors should review
the risks and uncertainties contained in MaxLinear’s filings with
the United States Securities and Exchange Commission, including
risks and uncertainties identified in the Quarterly Report on Form
10-Q filed with the SEC in October 2010.
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