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Wolfson Microelectro (WLF)

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Monday 08 September, 2008

Wolfson Microelectro

Appointment of Mike Hickey as

RNS Number : 9013C
Wolfson Microelectronics PLC
08 September 2008
 



8 September 2008


Wolfson Microelectronics plc

('Wolfson' or 'the Company')


Appointment of Mike Hickey as Chief Executive Officer Designate

  

The Board of Wolfson Microelectronics today announces that Dave Shrigley has decided to step down as Chief Executive Officer at the end of the year for personal family reasons and return to live full-time in the US. The Board also announces that Mike Hickey has been appointed as Chief Executive Officer Designate and is expected to take over as Chief Executive Officer from 1 January 2009. Mr Shrigley will leave the Board and the Company at the end of 2008.


Mike Hickey, 49, joins Wolfson from Motorola Inc, where from March 2005 he has held various senior positions in Motorola's mobile device business. Most recently he was Senior Vice President and General Manager of the Multimedia product organisation, reporting directly to the Mobile Devices business president. Previously, he held senior positions at Alcatel Optronics and during an earlier period at Motorola, prior to which he worked for Digital Equipment Co. Ltd and Philips. 


Michael Ruettgers, Chairman of Wolfson Microelectronics, said: 'I would like to extend the Board's thanks to Dave for his considerable achievements in the development of Wolfson. The Company has benefited significantly from the strategic direction which Dave has brought. Under his leadership we have developed the AudioPlus™ strategy, enabling an expansion of our product offering and future addressable markets. In addition, Dave has led Wolfson in the strengthening of the executive team and the product development pipeline. Dave has played an important role in the process of selecting Mike to lead the Company into the next phase of its development and the Board would like to thank him for his guidance and contribution.


'We are delighted that Mike Hickey has agreed to join us as our new Chief Executive Officer. He brings to Wolfson considerable experience at a senior level, in particular within Wolfson's largest application area. His knowledge and insight of the consumer electronics industry will be a great asset to Wolfson and we look forward to his leadership as we continue to execute our growth strategy.'  


Dave Shrigley, Chief Executive Officer of Wolfson Microelectronics commented: 'I am honoured to have led such a tremendous team of people and I have thoroughly enjoyed my time at Wolfson. I take immense pride in handing over to Mike Hickey a company with a strengthened management team and a robust AudioPlus™ strategy which will extend Wolfson's leading position in the mixed-signal semiconductor market. I am confident that with his extensive operational and product development experience, Mike is a great choice to lead the Company in its next phase of growth.'


Mike Hickey, Chief Executive Officer Designate, said: 'I am very pleased to be joining such a successful global company. Wolfson has a world-renowned brand for audio technology and has some of the world's best and most innovative engineers working with leading consumer electronics brands as customers. I look forward to helping the Company build on its successes to date.'


Mike had executive director responsibilities at venture-capital backed private company Incline Global Technology Services Limited between December 2002 and September 2003 and from April 2004 to September 2004; he was a non-executive director at the time the company was placed into administration in September 2005. There is no additional information which requires disclosure under paragraph 9.6.13R of the Listing Rules.  



Enquiries:


Wolfson Microelectronics


Dave Shrigley

Mark Cubitt

0131 272 7000



Corfin Communications


Harry Chathli, Neil Thapar

020 7977 0020




This information is provided by RNS
The company news service from the London Stock Exchange
 
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