NEWPORT BEACH, Calif. -- Mindspeed Technologies, Inc. (NASDAQ:MSPD - News), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that Stephen N. Ananias will assume the role of senior vice president and chief financial officer of the company effective October 31, 2011. Ananias joins the company from Broadcom Corporation (NASDAQ:BRCM - News), where he served for more than 11 years in various finance positions of increasing responsibility, most recently as controller, Broadband Communications Group, a $2 billion semiconductor division of Broadcom. Ananias will report directly to Raouf Y. Halim, Mindspeed’s chief executive officer.

"We are delighted to appoint a new chief financial officer of Stephen’s caliber with a demonstrated management track record in the semiconductor industry. Stephen has a compelling combination of strategic planning and corporate development expertise, with a proven record of driving operating profitability," said Halim. "I look forward to working closely with Stephen as we pursue the growth opportunities ahead of us in next generation communications infrastructure markets."

Mindspeed Technologies Inc. (Nasdaq: MSPD)