Monday, November 8, 2004

Conexant Names Dwight Decker as CEO, to Reduce Expenses

Conexant Systems named Dwight W. Decker as its new CEO, replacing Armando Geday, who resigned for personal reasons. Conexant also said that it plans to reduce pro forma operating expenses from the current quarterly level of $95 million to $80 million exiting its September-ending fiscal year. Plans to reduce operating expenses include an increasing shift of product development resources to lower-cost regions, and a continued merger-related SG&A consolidation.

Dwight Decker, who also serves as Conexant's Chairman, returns to the CEO position he held from the time of Conexant's spin-off from Rockwell International in 1999 through to the company's merger with GlobespanVirata. At the time of the merger, Armando Geday, CEO of GlobespanVirata, became CEO of the combined company, and Decker assumed the role of non-executive chairman.


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