Comms chips

Ikanos Names CEO

FREMONT, Calif. -- Ikanos Communications, Inc. (NASDAQ:IKAN) , a leading developer and provider of Fiber Fast(TM) broadband solutions, today announced that Michael A. Ricci will join Ikanos as its president and chief executive officer on June 4, 2007.

Ricci will succeed Daniel K. Atler, who has served as interim chief executive officer since October 2006 and was previously Ikanos' chief financial officer. Atler will continue as an officer of Ikanos and will be responsible for driving corporate development strategy. Cory Sindelar, who took on chief financial officer responsibilities in October 2006, will continue as the Company's chief financial officer.

Ricci brings over 28 years of semiconductor and communications industry experience. Ricci comes to Ikanos from JDS Uniphase Corporation, where he was a senior vice president and general manager of the Optical Communications Group. Previously, Ricci served as a vice president and general manager at Intel Corporation's Communications Group. During his five year tenure there, he led the Business Development Group, the Optical Products Group and the Telecom Products Division. Prior to Intel, Ricci served in executive management roles at Level One Communications and Advanced Micro Devices, Inc. Ricci holds a bachelor's degree in electrical engineering from Stanford University.

"After a thorough selection process, I am pleased to announce that Ikanos' Board of Directors has appointed Michael A. Ricci as the company's next president and chief executive officer," said G. Venkatesh, chairman of the board of directors for Ikanos. "Michael's extensive industry experience and track record of growing revenues and profits are great assets which we believe will help drive Ikanos' future growth. On behalf of Ikanos' board of directors, I wish to thank Dan for his leadership and look forward to his continued contributions."

Ikanos Communications Inc. (Nasdaq: IKAN)

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