Tuesday, April 1, 2008

PMC-Sierra Appoints Greg Lang as CEO

PMC-Sierra has appointed Greg Lang as its new president and chief executive officer. The position will become effective immediately upon the resignation of Robert Bailey as the company's president and CEO following the filing of the Company's first quarter 2008 financials next month. The Company's Board of Directors also elected Mr. Lang to serve as a director effective as of the next meeting of the Board. Mr. Bailey will continue as PMC-Sierra's Chairman of the Board.

Prior to his appointment at PMC-Sierra, Mr. Lang was president and CEO at Integrated Device Technology Inc. (IDT), a company he joined in 2001. Mr. Lang led the transformation of IDT from a commodity SRAM supplier to a very profitable mixed signal solution provider. He was responsible for the integration of several successful acquisitions and more than doubled revenue over the course of his term at the company. Prior to IDT, Mr. Lang spent 15 years at Intel and was vice president and general manager of the Platform Networking Group, where he built Intel's client-side wired and wireless networking businesses. Mr. Lang is also a member of the board of directors of Intersil Corporation, a high-performance analog semiconductor company.http://www.pmc-sierra.com