Company Appoints President and Permanent CFO
AUSTIN, Texas--(BUSINESS WIRE)--
Silicon
Labs (Nasdaq: SLAB), a leader in high-performance, analog-intensive,
mixed-signal integrated circuits (ICs), today announced that the
company's interim CFO and board member, Bill Bock, will be returning to
the management team on a permanent basis as president, reporting to
chief executive officer, Tyson Tuttle. John Hollister, the company's
vice president of business development, will be promoted to senior vice
president and CFO, replacing Mr. Bock in that role. The changes will be
effective June 30.
Mr. Bock's new responsibilities will include oversight of the company's
general and administrative organizations and support for the effective
execution of the strategic initiatives underway designed to accelerate
the company's growth.
"I am thrilled to have Bill back on the management team and believe his
track record and familiarity with our business will enable him to make
an immediate and significant contribution as we focus on growing the
business in a high-quality fashion," said Tyson Tuttle, CEO of Silicon
Labs. "We are also very pleased to have a company veteran of John's
caliber taking the CFO role. John's depth in both finance and operations
and his understanding of Silicon Labs' business and culture will enable
him to hit the ground running. I look forward to working closely with
John in this exciting stage in the company's development."
Mr. Bock joined Silicon Labs' board of directors in 2000 and was
appointed CFO in 2006. He retired from Silicon Labs' management team in
2011, returning as interim CFO in early 2013. Mr. Bock brings more than
30 years of experience spanning finance, operations and sales. Before
joining Silicon Labs, he was president and chief executive officer of
DAZEL Corporation. Prior to DAZEL, Mr. Bock served as executive vice
president and chief operating officer of Tivoli Systems and CFO and
senior vice president of sales of Convex Computer Corporation. He also
spent nine years in various finance roles at Texas Instruments including
vice president and controller of TI's data systems group. Mr. Bock holds
a bachelor's degree in Computer Science from Iowa State University and a
master's degree in Industrial Administration from Carnegie Mellon
University.
Mr. Hollister joined Silicon Labs in 2004 and rose rapidly through the
finance organization to become director of finance, worldwide operations
in 2005. In 2007, Mr. Hollister became managing director of the Asia
operations team and was ultimately promoted to vice president of
manufacturing and Asia operations where he served until 2012 when he
relocated back to the US and became vice president of business
development. Mr. Hollister's 20 years of professional experience include
vice president of finance at Cicada Semiconductor, a private company,
and various finance positions at Cirrus Logic, Veritas DGC, 3-D
Geophysical and PricewaterhouseCoopers LLP. Mr. Hollister is a CPA and
has a masters degree in Accounting and a bachelor's degree in Business
Administration from the University of Texas, Austin McCombs School of
Business.
The company also promoted Lyn Herr, a Silicon Labs veteran of 15 years,
to vice president of worldwide human resources. Ms. Herr was most
recently the senior director of the company's human resources
organization.
"I'd like to also congratulate Lyn on her well-deserved promotion," Mr.
Tuttle continued. "At Silicon Labs, people are our most valuable
resource. Lyn's long history with the company and depth across the HR
functions make her the ideal leader to evolve the HR organization to
meet the needs of the organization and maintain our very high bar for
new talent as the company grows."
Silicon Labs
Silicon Labs is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a
world-class engineering team with unsurpassed expertise in mixed-signal
design, Silicon Labs' diverse portfolio of patented semiconductor
solutions offers customers significant advantages in performance, size
and power consumption. For more information about Silicon Labs, please
visit www.silabs.com.
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Silicon Labs
Deborah Stapleton, +1-650-470-4200
Deb@stapleton.com
Source: Silicon Labs
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