Ikanos CEO Resigns

FREMONT, Calif. -- Ikanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the digital home, today announced that effective immediately Michael Gulett has resigned as CEO and president and as a member of its board of directors. Diosdado P. Banatao, the chairman of Ikanos’ board of directors, has been appointed executive chairman and has assumed the role of interim president and CEO.

“I look forward to working with Ikanos’ employees, customers and investors to expand on the Company’s history as a market leader in broadband DSL and communications processors,” said Banatao. “We are very appreciative of Mike’s contribution to the success of Ikanos and we wish him all the best.”

Ikanos Communications Inc. (Nasdaq: IKAN)