AMCC Changes CEOs

Applied Micro Circuits Corp. announces CEO transition

January 29, 2009

2 Min Read

SUNNYVALE, Calif. -- Applied Micro Circuits Corporation (NASDAQ:AMCC), a global leader in providing energy efficient solutions to Process, Transport, and Store information for the next generation Internet Data Center and Carrier Central Office, announced today that Kambiz Hooshmand, President and Chief Executive Officer, will step down on June 1st 2009. Dr Paramesh Gopi, currently the Chief Operating Officer, will take over the role of President and CEO at that time.

"It has been a tremendous opportunity to lead the transformation of AMCC to focus and evolve into the global leader for 10G Ethernet transport, connectivity, and packet processing solutions. Paramesh is a brilliant strategist with a keen and broad knowledge of customer applications and platforms. He will build upon the foundation we have created and lead AMCC in its next phase of success. This transition period will allow us to smoothly hand over responsibilities and communicate to our customers, investors, and partners. I want to thank all of you for allowing me to be a part of the team," said Kambiz Hooshmand, President and CEO, AMCC.

"Despite the challenges and uncertain market conditions, I am confident that the strategic investments and solid technology foundation set by Kambiz and the AMCC team will serve us well as we build our products and grow our revenues. I am truly excited to lead a company of AMCC's caliber and potential," said Dr. Paramesh Gopi, Chief Operating Officer, AMCC.

"We thank Kambiz for his total dedication to the success of AMCC and his commitment to ensure a smooth leadership transition. Kambiz's ability to recruit a strong candidate such as Paramesh is a testament to his skills in building a strong and deep organization," said Cesar Cesaratto, Chairman of the Board of Directors of AMCC.

Applied Micro Circuits Corp. (Nasdaq: AMCC)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like