Entropic Appoints Matthew Rhodes as Senior Vice President, Global Marketing
September 09 2013 - 8:00AM
Entropic™ (Nasdaq:ENTR), a world leader in semiconductor solutions
for the connected home, announced today the immediate appointment
of Matthew Rhodes as senior vice president of Global Marketing.
Rhodes is responsible for developing, executing and communicating
the Company's overall product vision, strategy and roadmap across
all market segments, worldwide. He is based out of Entropic's San
Diego, Calif., headquarters, and reports directly to Patrick Henry,
Entropic's president and CEO.
Rhodes brings more than 35-years of business and strategic
product development experience to Entropic. He has an exceptional
track record in bringing new technologies and advanced integrated
circuits (ICs) to the global market to drive revenue growth and
profitability.
"A respected industry leader recognized globally for his
business acumen, Matt has depth, knowledge and expertise in
orchestrating winning business and product marketing strategies in
some of the most competitive semiconductor markets," said Patrick
Henry. "We welcome Matt to the executive team at a time when the
Company is positioned to capitalize on the transition to IP video
delivery with our platform semiconductor solutions."
Prior to Entropic, Rhodes served as the chief executive officer
and co-founder at Semitech Semiconductor Pte Ltd., a provider of
power line communications solutions for the smart grid. Prior to
Semitech, Rhodes was president and chief executive officer of
Teranetics Inc., a privately-held company that provided
next-generation 10-gigabit Ethernet (10GbE) copper channel
semiconductor solutions, where he helped grow the company
internationally and secure Tier-1 customers to drive business
growth. Earlier in his career, Rhodes held a number of senior
executive positions with Conexant Systems, Inc. including
President. In this role, Rhodes was responsible for the marketing,
engineering and operations of a communications IC business of
nearly $1 billion annually.
"Entropic has a clear opportunity to transform the connected
home market by delivering systems-level products and solutions to
global Pay-TV operators," said Rhodes. "The business is solid, the
leadership is focused and the global team has a desire to gain
share in our multi-billion dollar market. My goal is to drive
innovation deeper into the organization and generate new revenue
and a market-winning position with the Company's advanced silicon
and software."
Rhodes served as chairman to the Global Semiconductor Alliance's
Emerging Company CEO Council. He also holds eight patents
across a diverse range of semiconductor and communication
technology and applications. He received a master's degree in
business administration from the Anderson School of Management at
the University of California, Los Angeles, and holds a master's
degree in electrical engineering from Lehigh University and a
bachelor's degree in physics from Pennsylvania State
University.
About Entropic
Entropic™ (Nasdaq:ENTR) is a world leader in semiconductor
solutions for the connected home. The Company transforms how
traditional HDTV broadcast and IP-based streaming video content is
seamlessly, reliably, and securely delivered, processed, and
distributed into and throughout the home.
Entropic's next-generation Set-top Box (STB) System-on-a-Chip
(SoC) and Connectivity solutions enable Pay-TV operators to offer
consumers more captivating whole-home entertainment experiences by
transforming the way digital entertainment is delivered, connected
and consumed – in the home and on the go. For more information,
visit Entropic at: www.entropic.com.
The Entropic logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4255
Forward Looking Statements
Statements in this press release that are not strictly
historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding
Rhode's expertise and expected future contributions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Entropic's actual
results to be materially different from historical results or from
any results expressed or implied by such forward-looking
statements. These factors include, but are not limited to,
Entropic's dependence on key personnel and its ability to hire and
retain experienced management personnel; the risk that the market
for high-definition television-quality video and multimedia content
delivery solutions may not develop as anticipated; and other
factors discussed in the "Risk Factors" section of Entropic's
Annual Report on Form 10-Q for the three months ended June 30,
2013. All forward-looking statements are qualified in their
entirety by this cautionary statement. Entropic is providing this
information as of the date of this release and does not undertake
any obligation to update any forward-looking statements contained
in this release as a result of new information, future events or
otherwise.
Copyright© 2013 Entropic. All rights reserved. All other product
or company names mentioned are used for identification purposes
only and may be trademarks of their respective owners.
CONTACT: Entropic Investor Contact:
Debra Hart
+1 858-768-3852
debra.hart@entropic.com
Entropic Media/Industry Analyst Contact:
Chris Fallon
+1 858-768-3827
chris.fallon@entropic.com
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