SANTA CLARA, Calif.,
May 21, 2015 /PRNewswire/
-- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global
leader in integrated silicon solutions, today announced that after
sixteen years with Marvell, Mike
Rashkin has expressed his intention to retire as chief
financial officer, a role that he has held since December 2013. Mr. Rashkin served the Company in
a variety of senior roles since 1999 and has been a key contributor
to the success of the company since its formation. Mr. Rashkin's
retirement will be effective May 22,
2015.
"Serving as the chief financial officer of Marvell over the last
year and a half has been the most rewarding role of my professional
career and I am proud of everything we have accomplished. Marvell
continues to be at the forefront of many great and new technologies
that I believe will change the world and I am confident in the
future of the Company," said Mr. Rashkin.
"I'd like to thank Mike for his years of service and dedication
to Marvell. He took over the role of CFO at a very critical time
for the Company and his leadership has been instrumental in
fostering a culture of success across the company. We wish him
the best in his retirement," said Sehat
Sutardja, Marvell CEO and Chairman.
The Board of Directors appointed Sukhi
Nagesh, vice president of finance and investor relations, to
serve as interim chief financial officer, effective May 22, 2015. Before joining Marvell in
2011, Sukhi served as vice president and semiconductor research
analyst at Deutsche Bank in San
Francisco. Over his career, Sukhi has played a variety of
roles in finance, marketing, and engineering at SG Cowen, Applied
Materials, and Asyst Technologies. Sukhi holds an M.B.A. from
New York University, an M.S. in
mechanical engineering from Colorado State
University, and a B.S. in mechanical engineering from
Bangalore University.
About Marvell
Marvell (NASDAQ: MRVL) is a global
leader in providing complete silicon solutions and Kinoma® software
enabling the "Smart Life and Smart Lifestyle." From mobile
communications to storage, Internet of Things (IoT), cloud
infrastructure, digital entertainment and in-home content delivery,
Marvell's diverse product portfolio aligns complete platform
designs with industry-leading performance, security, reliability
and efficiency. At the core of the world's most powerful consumer,
network and enterprise systems, Marvell empowers partners and their
customers to always stand at the forefront of innovation,
performance and mass appeal. By providing people around the world
with mobility and ease of access to services adding value to their
social, private and work lives, Marvell is committed to enhancing
the human experience.
As used in this release, the term "Marvell" refers to Marvell
Technology Group Ltd. and its subsidiaries. For more information,
please visit www.Marvell.com.
Marvell® and the Marvell logo are registered trademarks of
Marvell and/or its affiliates.
For further
information, contact:
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John Spencer
Ahn
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Sue Kim
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Investor
Relations
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Media
Relations
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408-222-7544
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408-222-1942
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johnahn@marvell.com
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suekim@marvell.com
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SOURCE Marvell Technology Group Ltd.