AUSTIN,
Texas, Feb. 27, 2024 /PRNewswire/ -- Silicon
Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless
technology for a more connected world, today announced that
Dean Butler will join the company as
Senior Vice President and Chief Financial Officer (CFO), effective
May 15, 2024. Butler will be
responsible for Silicon Labs' financial strategy and lead the
global finance organization. Butler will succeed Mark Mauldin, currently serving as interim
CFO.
Butler joins Silicon Labs from Synaptics Incorporated, where he
has served as Senior Vice President and CFO since October 2019. He previously held financial
leadership positions at Marvell Technology, Inc., where he led a
number of strategic initiatives during a period of rapid growth,
and at Broadcom, Inc., where he led the finance organization of a
multibillion-dollar division. Butler began his career at Wells
Fargo and Maxim Integrated. He received his bachelor's degree in
finance from the University of Minnesota
Duluth and is a graduate of Stanford
University's Strategic Financial Leadership Program. He also
serves on the Board of Directors of Pixelworks, a leading provider
of innovative video and display processing solutions.
"Dean is an accomplished CFO and well-respected financial leader
who has deep experience in the semiconductor industry. He brings a
proven track record of driving strong financial results, instilling
financial and operational discipline, and demonstrating outstanding
leadership," said Matt Johnson,
President and Chief Executive Officer, Silicon Labs. "Most of all,
Dean embodies our corporate values, and we are thrilled to have him
join the team as we focus on capturing the incredible growth
opportunities ahead of us. I want to express my gratitude to
Mark Mauldin for his critical
contributions during his time as interim CFO and for leading the
finance team during the transition."
"Without question, Silicon Labs has become the world's leading
IoT pure-play company with a demonstrated track record of success
across a broad wireless technology portfolio," said Dean Butler. "I'm excited to join Matt and the
entire Silicon Labs team to build upon their incredible design win
momentum to further accelerate market share expansion and drive
earnings growth for all stakeholders."
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a leader in secure,
intelligent wireless technology for a more connected
world. Our integrated hardware and software platform,
intuitive development tools, thriving ecosystem, and
robust support make us an ideal long-term partner in building
advanced industrial, commercial, home and life
applications. We make it easy for developers to solve
complex wireless challenges throughout the
product lifecycle and get to market
quickly with innovative solutions that transform
industries, grow economies, and improve lives.
silabs.com
Forward-Looking Statements
This press release contains forward-looking statements based on
Silicon Labs' current expectations. The words "believe",
"estimate", "expect", "intend", "anticipate", "plan", "project",
"will", and similar phrases as they relate to Silicon Labs are
intended to identify such forward-looking statements. These
forward-looking statements reflect the current views and
assumptions of Silicon Labs and are subject to various risks and
uncertainties that could cause actual results to differ materially
from expectations. Among the factors that could cause actual
results to differ materially from those in the forward-looking
statements are the following: risks that the Form 10-K filing,
earnings release, and/or earnings conference call may be delayed;
the competitive and cyclical nature of the semiconductor industry;
the challenging macroeconomic environment, including disruptions in
the financial services industry; geographic concentration of
manufacturers, assemblers, test service providers and customers in
Asia that subjects Silicon Labs'
business and results of operations to risks of natural disasters,
epidemics or pandemics, war and political unrest; risks that demand
and the supply chain may be adversely affected by military conflict
(including in the Middle East, and
between Russia and Ukraine), terrorism, sanctions or other
geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be
able to maintain its historical growth; quarterly fluctuations in
revenues and operating results; difficulties developing new
products that achieve market acceptance; risks associated with
international activities (including trade barriers, particularly
with respect to China);
intellectual property litigation risks; risks associated with
acquisitions and divestitures; product liability risks;
difficulties managing and/or obtaining sufficient supply from
Silicon Labs' distributors, manufacturers and subcontractors;
dependence on a limited number of products; absence of long-term
commitments from customers; inventory-related risks; difficulties
managing international activities; risks that Silicon Labs may not
be able to manage strains associated with its growth; credit risks
associated with its accounts receivable; dependence on key
personnel; stock price volatility; the impact of COVID-19 on the
U.S. and global economy; debt-related risks; capital-raising risks;
the timing and scope of share repurchases and/or dividends; average
selling prices of products may decrease significantly and rapidly;
information technology risks; cyber-attacks against Silicon Labs'
products and its networks; risks associated with any material
weakness in our internal controls over financial reporting; and
other factors that are detailed in the SEC filings of Silicon
Laboratories Inc. Silicon Labs disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise. References to Silicon Labs in this press release shall
mean Silicon Laboratories Inc.
Note to editors: Silicon Laboratories, Silicon Labs, the "S"
symbol, and the Silicon Labs logo are trademarks of Silicon
Laboratories Inc. All other product names noted herein may be
trademarks of their respective holders.
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SOURCE Silicon Labs