Broadcom Names New CEO
Broadcom Corp. (Nasdaq: BRCM) has appointed Scott A. McGregor, the former CEO of Philips Semiconductors (NYSE: PHG), as its new chief executive.
The move comes hours after Broadcom announced its debut as a serious player in storage controllers and less than a week after its claim to be seeing stronger orders for the present quarter (see Broadcom Struts Storage Stuff, Broadcom Unveils iSCSI Controller, and Chip Gloom Shall Pass).
McGregor, who is 48 and has a Master's degree in engineering from Stanford, resigned his CEO post at Philips Semiconductors, one of five divisions of Royal Philips Electronics N.V. (NYSE: PHG; Amsterdam: PHI), in September 2004, claiming personal reasons, specifically a wish to return to the U.S. after living abroad. He'd been at Philips since 1998 and in the post of CEO at Philips Semiconductors since September 2001.
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