MoSys, Inc. Announces Retirement of Len Perham and Appointment of Daniel Lewis as President and CEO
August 08 2018 - 6:00AM
MoSys,Inc. (NASDAQ: MOSY) today announced that its president and
CEO, Len Perham, will retire from the Company on August 8,
2018.
Mr. Perham stated, “I have been CEO of one
company or another since 1980, and have focused all of my efforts
on revising the strategies, objectives and tactics at MoSys since
the end of 2007. A task I initially thought might take five years,
has taken 10 years; driven in some part by significant changes in
the form and shape of the high-tech electronics industry.
That said, I have recently turned 75 years of age, and realize
there are a few personal things I need to act upon now instead of
later. The window of opportunity remains open for MoSys, and
its short-term challenges lie in the area of sales and
applications. Dan Lewis has been on our board for
approximately a year, and I have known him for over 25 years.
In the past, he drove sales for approximately nine years while I
was CEO of Integrated Device Technologies, Inc. (IDT). During
that period, IDT’s sales and profitability increased significantly.
I believe he has the qualifications to lead and grow MoSys, and I
am comfortable turning the reins over to Dan at this time. It
is my intention to remain on the board of directors of MoSys, thus
assuring the smoothest of transitions for Dan.”
Daniel Lewis will assume the role of president
and CEO of MoSys effective August 8, 2018. He has served as a
member of the Company’s Board of Directors since September 2017,
and has over 30 years of executive leadership and semiconductor
industry experience, primarily in sales and marketing positions. He
has also held sales positions at multiple semiconductor companies,
including IDT, Zilog, Xicor and Intel, and previously served as
vice president of worldwide sales at both IDT and Xicor. Lewis
holds a B.S. in Electrical Engineering from the University of
Michigan.
"I want to congratulate Len on his retirement
and thank him for all he has done for MoSys. Our Bandwidth Engine®
(BE) and Programmable Search Engine (PSE) product families are now
in production or pending production in applications requiring high
reliability, including those in cloud networking, communications,
security appliances and data center. The activity in our sales
funnel indicates both new markets and new applications are opening
for the BE and PSE product families. I look forward to leading the
MoSys team, as we seek to increase our application footprint and
expand the customer base," said Dan Lewis, member of the Board of
Directors of MoSys and newly appointed president and CEO.
About MoSys, Inc. MoSys, Inc.
(NASDAQ: MOSY) is a provider of semiconductor solutions that enable
fast, intelligent data access for cloud networking, security, test
and video systems. More information is available at
www.mosys.com.
Bandwidth Engine and MoSys are registered
trademarks of MoSys, Inc. in the US and/or other countries. All
other marks mentioned herein are the property of their respective
owners.
Contact: Jim Sullivan, CFO MoSys, Inc. +1
(408) 418-7500 jsullivan@mosys.com
MoSys (NASDAQ:MOSY)
Historical Stock Chart
From Apr 2024 to May 2024
MoSys (NASDAQ:MOSY)
Historical Stock Chart
From May 2023 to May 2024