NORWOOD, Mass. — (BUSINESS WIRE) — June 15, 2017 — Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, continues to make progress in its integration of Linear Technology, today announcing the new senior leadership team for the combined company, which takes effect immediately.
Rick Hess, Executive Vice President of Analog Devices, has been named a Strategic Advisor reporting to CEO Vincent Roche. Rick joined ADI in 2014 with the acquisition of Hittite Microwave Corporation, playing a critical role in the company’s integration. In the role of Strategic Advisor, Rick will leverage his experience to continue guiding the ongoing integration of Linear Technology, which ADI acquired in March.
Three new business groups and leaders were also announced today:
- Greg Henderson was promoted to Senior Vice President – Automotive, Communications, and Aerospace & Defense. Greg previously served as Vice President of Analog’s RF and Microwave business.
- Yusuf Jamal was promoted to Senior Vice President – Industrial, Healthcare, Consumer, and IoT Solutions and Security. Yusuf was previously Vice President – Consumer and Healthcare business at ADI.
- Former Linear Technology executive Steve Pietkiewicz has been promoted to Senior Vice President – Power Products. Steve will lead this new business group focused on developing ADI’s power strategy and will take a lead role in the integration of LTC’s and ADI’s power portfolio within ADI’s larger suite of high performance analog and mixed signal products and solutions.
“ADI has long been known as a living company founded both on continuity and thoughtful evolution. Rick played an important leadership role in our last large integration and recently, as head of our business unit strategy. Focusing his expertise in this new role will further ensure our successful integration of LTC,” said Analog Devices President and CEO Vincent Roche. “In addition, the creation of our three business groups allows us to remain focused on the successful execution of our strategy as we accelerate toward the opportunities enabled by our acquisition of LTC. I am truly excited by the shape our new leadership team is taking and the possibilities it represents for our future.”
Henderson, Jamal, and Pietkiewicz join the other members of the senior executive team who include:
- Peter Real - Senior Vice President and Chief Technology Officer
- Martin Cotter - Senior Vice President, Worldwide Sales and Digital Marketing
- John Hassett - Senior Vice President, Global Operations and Technology
- Marnie Seif - Chief Legal Officer and Senior Vice President of Communications and Branding and Secretary
- Jean Philibert - Senior Vice President, Human Resources
- Eileen Wynne - Acting Chief Financial Officer
About Analog Devices
Analog Devices (NASDAQ:
ADI) designs
and manufactures semiconductor products and solutions. We enable our
customers to interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense, measure and
connect. Visit
http://www.analog.com
Forward-Looking Statements
This press release
contains forward-looking statements, which address a variety of subjects
including, for example, our statements regarding expected benefits and
synergies of the acquisition of Linear Technology Corporation ("Linear
Technology"), including expected integration of the combined companies,
expected product offerings, product development, marketing position and
technical advances resulting from the transaction. Statements that are
not historical facts, including statements about our beliefs, plans and
expectations, are forward-looking statements. Such statements are based
on our current expectations and are subject to a number of factors and
uncertainties, which could cause actual results to differ materially
from those described in the forward-looking statements. The following
important factors and uncertainties, among others, could cause actual
results to differ materially from those described in these
forward-looking statements: any faltering in global economic conditions
or the stability of credit and financial markets, erosion of consumer
confidence and declines in customer spending, unavailability of raw
materials, services, supplies or manufacturing capacity, changes in
geographic, product or customer mix, higher than expected or unexpected
costs associated with or relating to the acquisition of Linear
Technology and the integration of the businesses; the risk that expected
benefits, synergies and growth prospects of the acquisition may not be
fully achieved in a timely manner, or at all; the risk that Linear
Technology's business may not be successfully integrated with Analog
Devices'; the risk that we will be unable to retain and hire key
personnel; and the risk that disruption resulting from the acquisition
may adversely affect our business and relationships with our
customers, suppliers or employees. For additional information about
factors that could cause actual results to differ materially from those
described in the forward-looking statements, please refer to our filings
with the Securities and Exchange Commission ("SEC"), including the risk
factors contained in our most recent Quarterly Report on Form 10-Q and
Annual Report on Form 10-K. Forward-looking statements represent
management's current expectations and are inherently uncertain. Except
as required by law, we do not undertake any obligation to update
forward-looking statements made by us to reflect subsequent events or
circumstances.