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James Diller Named Interim CEO Of Intersil Following Dave Bell's Resignation

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12/10/2012 9:13 AM ET

Chip maker Intersil Corp. (ISIL: Quote) said it has appointed board member, James Diller, as interim president and chief executive, following Dave Bell's resignation as president and chief executive and a director of the company, effective immediately.

Diller, as interim President and Chief Executive, would work closely with Intersil's current executive team and board to oversee the company's ongoing operations and strategic initiatives. The board has formed a search committee chaired by Board member Donald Macleod to consider candidates for the permanent President and Chief Executive Officer role.

Further, Intersil named Donald Macleod as Chairman with immediate effect. Gary Gist, the company's former Chairman, has stepped down from that position and would remain a board member.

Diller, who has been the company's board member since May 2002, has significant expertise in the semiconductor industry, having served as CEO of two public companies, including Elantec Semiconductor Inc. and PMC-Sierra Inc., of which he was a founder.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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