Exar announced that Ronald W. Guire has decided to retire from the Company as Executive Vice President and Chief Financial Officer

June 30, 2006

1 Min Read

FREMONT, Calif. -- Exar Corporation (NASDAQ:EXAR) announced today that Ronald W. Guire, has decided to retire from the Company as Executive Vice President and Chief Financial Officer, and tendered his resignation as a member of the Company's Board of Directors in order to devote more time to his family and other personal interests. These actions are effective as of the close of business today.

Mr. Guire has served the Company and Board in many capacities with great distinction for over twenty-two years. Mr. Guire has agreed to remain with the Company in a consulting capacity for the next three months to provide assistance during the transition. The Company will immediately engage an executive search firm to identify qualified Chief Financial Officer candidates.

"During his employment, Ron has served the Company interests in a dedicated and uncompromising fashion to the benefit of the Company's shareholders, customers and employees. He played an instrumental role in all of the Company's transitions and financial transactions, notably the Company's public offerings and acquisitions. His professional values, financial acumen and industry perspective will be greatly missed. We owe him and his family our deepest gratitude and wish them all the best in the future," stated Dr. Roubik Gregorian, President and Chief Executive Officer of Exar Corporation.

"I had a very rewarding and interesting tenure with the Company," remarked Mr. Guire. "I will especially miss those I have worked with over the years and am particularly grateful for their support and contributions. Over the next several months I will be available to assist the Company in the orderly transition of my responsibilities."

Exar Corp. (Nasdaq: EXAR)

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