Intersil Corp. (ISIL) announced that Necip Sayiner has been appointed to the positions of President and Chief Executive Officer or CEO of Intersil and a member of the company's board of directors effective March 14, 2013.
Sayiner replaces James Diller, who served as interim CEO since December 2012 and will remain a member of Intersil's board of directors, the company said.
Commenting on Sayiner, the company said that most recently he was the president and CEO of Silicon Labs. Prior to Silicon Labs, Sayiner held various leadership positions at Agere Systems, most recently as the vice president and general manager of the Enterprise and Networking division.
Intersil also said that its Senior Vice President and Chief Financial Officer, Jonathan Kennedy, will be leaving the company to pursue another opportunity outside of the semiconductor industry. Kennedy will remain CFO through March 31 and will remain with the company in an advisory capacity through April 5.
Effective April 1, 2013, Mercedes Johnson will join the management team as interim CFO, leading a strong and proven finance organization, while the company conducts a search for a permanent replacement, Intersil stated.
Johnson, an Intersil director since August 2005, was previously Senior Vice President and Chief Financial Officer of Avago Technologies from November 2005 until her retirement in August 2008.
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