Sigma Names CFO

MILPITAS, Calif. -- Sigma Designs (Nasdaq:SIGM), a leader in digital media processing for consumer electronics, today announced that its board of directors has named Mark Kent as its Chief Financial Officer. Kent will report directly to Thinh Tran, Sigma’s chairman and CEO. As CFO, he will be responsible for all aspects of the company’s financial management, including financial reporting, corporate governance, investor relations and compliance-related programs under Sarbanes-Oxley.

“We are pleased to announce the addition of Mark Kent as Sigma’s new CFO,” said Thinh Tran, chairman and CEO of Sigma Designs. “We believe that his financial management experience and business acumen will enhance our executive team and will be invaluable to Sigma Designs as we execute our growth strategy.”

Mr. Kent has more than 25 years of experience as a finance professional with a strong track record of financial leadership in public and private companies. From September 2004 to May 2006, Mr. Kent was CFO of Transmeta (NASDAQ:TMTA), a developer and licensor of innovative computing, microprocessor and semiconductor technologies and related intellectual property. At Transmeta, Mr. Kent played an instrumental role in successfully shifting the company’s business and led the company’s efforts to become compliant with Sarbanes-Oxley.

Prior to Transmeta, Mr. Kent was affiliated with Oak Investment Partners, a venture capital firm, from February 2001 to January 2004 as CFO or CFO-in-residence for several Oak portfolio companies, including Talisma Corporation, a customer integration management software company; Knowledge Networks, an information research company; and Securant Technologies, a security software company.

From April 1999 to January 2001, Mr. Kent served as CFO of CrossWorlds Software, a business integration software company, and led CrossWorlds' successful initial public offering in June 2000. From December 1994 to March 1999, Mr. Kent worked at LSI Logic, a supplier of custom high-performance semiconductors, most recently as Treasurer, in which role he was integrally involved in managing several public and private financings totaling approximately $2.0 billion. Before joining LSI Logic, he founded and developed a successful corporate treasury consulting practice and worked in corporate banking. Mr. Kent holds a B.S. degree in Finance from Colorado State University.

Ms. Kit Tsui, Sigma’s previous CFO since 2001, will assume the new role of Vice President of Planning and Administration reporting to Mr. Kent.

Sigma Designs Inc. (Nasdaq: SIGM)