Entropic Announces Changes to Engineering and Technology Management: Vahid Manian Named Senior Vice President of Global Engin...
March 04 2014 - 8:00AM
Entropic (Nasdaq:ENTR), a world leader in semiconductor solutions
for the connected home, today announced the appointment of Vahid
Manian to Senior Vice President of Global Engineering and
Operations. In this role, he will assume overall responsibility for
Entropic's global engineering and operations organizations,
including hardware and software product development, technical
operations, quality, and supply management. Dr. Michael Farese will
assume the role of Chief Technology Officer, where he will help
guide the Company's advanced technology and platform architecture
roadmaps, as well as collaborate with academic and industry
standards bodies to drive innovation deeper into the connected home
entertainment market.
Since joining Entropic in 2012 as Senior Vice President of
Global Operations, Manian has successfully expanded the scale and
scope of the Company's global operations organization. He
implemented innovative manufacturing cost reduction and long-range
capacity planning strategies that have had significant impact on
gross margins and inventory turns. Manian also played an integral
role in moving Entropic to the latest 28nm low power process
technology. Leveraging his prior success, engineering background
and industry expertise and relationships, Manian is well-suited to
lead the next phase of Entropic's engineering and operations growth
and success.
"During his time with Entropic, Vahid's leadership has driven us
to explore and implement forward-thinking methodologies and
technologies that have strengthened the company. In his new role,
Vahid will have the opportunity to make an even greater impact and
set the course for the future of Entropic's global engineering and
operations teams," said Patrick Henry, president and CEO of
Entropic. "We are also excited for Mike to lead our Office of the
CTO. As Senior Vice President of Global Engineering, Mike was
critical in the Company's transition from a Connectivity-only
company to a more robust platform semiconductor company. As CTO,
Mike's vision and engineering insight will help Entropic focus on
core technology innovation and industry standards activities that
address the changing connected home entertainment market."
Farese joined Entropic in 2010 as Senior Vice President of
Global Engineering and Operations, and in 2012 focused his
attentions on expanding the worldwide engineering organization when
Entropic expanded its product development teams with two
acquisitions. During his time with the Company, Farese has made a
number of significant contributions, having developed and
introduced the industry's first Multimedia over Coax Alliance
(MoCA®) 2.0 system solution, the industry's first digital Channel
Stacking Switch, Entropic's first integrated System-on-a-Chip plus
MoCA 2.0 product and built a global software team that has
spearheaded many key innovations, including Entropic's Open RDK
(reference design kit) platform. His technical and business
management experience, coupled with industry foresight and academic
and standards community relationships, strongly position him to
lead Entropic's CTO activities.
Manian and Farese assume their new positions effective
immediately and will continue to report to Patrick Henry.
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,
please visit Entropic at: www.entropic.com, read our blog Entropic
Topics, or get social with us at @Entropic_News, or on Facebook,
Google+, YouTube and LinkedIn.
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
Manian's experience and expertise and expected future contributions
from Manian and Farese. 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-K for the year ended
December 31, 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© 2014 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
ERShares Entrepreneurs ETF (NASDAQ:ENTR)
Historical Stock Chart
From Jun 2024 to Jul 2024
ERShares Entrepreneurs ETF (NASDAQ:ENTR)
Historical Stock Chart
From Jul 2023 to Jul 2024