Rambus Announces Departure of Ron Black as Chief Executive Officer; Luc Seraphin Appointed Interim CEO
June 28 2018 - 4:10PM
Business Wire
Rambus Inc. (NASDAQ: RMBS), one of the world's premier
technology licensing companies, today announced that the Company’s
Board of Directors has terminated Dr. Ron Black as Chief Executive
Officer, effective immediately.
The termination follows an incident unrelated to the Company’s
financial and business performance in which the Board determined
Dr. Black’s conduct fell short of the Company’s standards. Dr.
Black has also resigned from his position on the Rambus Board of
Directors. The Board has appointed Luc Seraphin, Senior Vice
President & General Manager, Memory and Interfaces Division, as
interim CEO of the Company while the Board commences a formal
search to identify a new CEO.
Eric Stang, Chairman of the Rambus Board of Directors, said,
“This decision was not related to the Company's operations or
finances, and the Board looks forward to working with Luc as we
continue to execute the Company’s current strategy and search for
Rambus’ next CEO."
As interim CEO, Mr. Seraphin will have full responsibility for
overseeing the Company’s operations until a new CEO is appointed.
Mr. Seraphin has served as Senior Vice President & General
Manager of Rambus’ Memory and Interfaces Division since 2015. In
his current role, Mr. Seraphin has made significant contributions
to the development of innovative memory architectures and
high-speed serial link solutions, including increasing Rambus’
market footprint for its DDR4 memory buffer chipset and positioning
the Company to lead in next generation DDR5 memory buffer chips.
Prior to this role, Mr. Seraphin was the Senior Vice President of
Rambus’ Worldwide Sales and Operations, during which he oversaw
sales, business development, customer support and operations across
the Company’s various business units. Mr. Seraphin will retain his
responsibilities as Senior Vice President & General Manager of
the Memory and Interfaces Division during the interim period.
In addition, director Chuck Kissner has been appointed Vice
Chairman of the Board. Mr. Kissner has served as a director on the
Rambus Board since 2012. In his newly expanded role as Vice
Chairman, Mr. Kissner will provide direct support to Mr. Seraphin
and the Company’s senior management team during the interim period
to ensure a smooth and effective transition.
Added Mr. Kissner, “We are confident in Luc’s leadership as we
work to accelerate Rambus’ growth through the continued execution
of key initiatives in strategic technology areas including the Data
Center and Mobile Edge.”
About Rambus Inc.
Dedicated to making data faster and safer, Rambus creates
innovative hardware, software and services that drive technology
advancements from the data center to the mobile edge. Our
architecture licenses, IP cores, chips, software, and services span
memory and interfaces, security, and emerging technologies to
positively impact the modern world. We collaborate with the
industry, partnering with leading chip and system designers,
foundries, and service providers. Integrated into tens of billions
of devices and systems, our products power and secure diverse
applications, including Big Data, Internet of Things (IoT)
security, mobile payments, and smart ticketing. For more
information, visit rambus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180628006234/en/
Investors:Rahul MathurSenior Vice President, Finance and Chief
Financial Officer408-462-8000rmathur@rambus.comorMedia:Sard
Verbinnen & CoMegan Bouchier / Monique Sidhom415-618-8750
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