SANTA CLARA, Calif.,
June 20, 2016 /PRNewswire/
-- Marvell (NASDAQ:MRVL), a world leader in storage, cloud
infrastructure, Internet of Things (IoT), connectivity and
multimedia semiconductor solutions, today announced the appointment
of Matthew J. Murphy as President,
Chief Executive Officer, and member of the Board of Directors,
effective July 11, 2016. A veteran of
Maxim Integrated, Mr. Murphy will be joining an executive team and
Board of Directors that has seen a significant infusion of new
talent over the past few months, and will be leading that team in
the transformation of the Company with a focus on profitable
growth.
"Marvell has built a strong reputation for technical prowess
with 20 years of innovation in complex System on Chip design," said
Richard Hill, Marvell's Chairman.
"Our goal was to identify and retain a CEO who understands the
transformation underway in the semiconductor industry and shares
our commitment to serving customers with best-in-class products and
support. I am confident that Matt's experience in the industry has
prepared him well to take on this role and I am delighted to
welcome him to Marvell."
"Following a swift but thorough search process, Matt emerged as
the clear choice, and we are thrilled to have found such a
qualified leader for Marvell," said Peter
Feld, chair of the Nominating and Governance Committee of
the Company's Board of Directors. "Matt joins us following a long
career at Maxim Integrated where he managed a large and complex
organization including multiple business units where he drove
continuous improvements in growth and profitability."
"We are pleased to welcome Matt to Marvell and we know he will
do an excellent job carrying on the legacy we have built," said Dr.
Sehat Sutardja and Ms. Weili Dai, Co-Founders of Marvell. "We take a
great deal of pride in our success at Marvell and will always be
strong supporters of the Company."
"I am honored to join Marvell at this exciting time," said Mr.
Murphy. "Marvell is at the forefront of innovation in the
semiconductor industry, delivering cutting-edge technology at the
heart of the world's most powerful solutions. I am committed to
working alongside Marvell's leaders, talented employees, and
customers to build upon a solid foundation and create even greater
value together."
Mr. Murphy joins Marvell from Maxim Integrated, where he spent
the past 22 years with increasing responsibilities in sales and
business unit leadership roles. Most recently, he was Executive
Vice President, Business Units, Sales & Marketing. In this
capacity he had company-wide profit and loss responsibility,
leading all product development, sales and field applications,
marketing, and central engineering. From 2011 to 2015, he was
Senior Vice President of the Communications and Automotive
Solutions Group, leading the team that developed differentiated
solutions for those markets. From 2006 to 2011, he was Vice
President, Worldwide Sales & Marketing during a time when
Maxim's sales expanded significantly. Prior to 2006, he
served in a variety of business unit management and customer
operations roles.
About Marvell
Marvell (NASDAQ: MRVL) is a
global leader in providing complete silicon solutions. From storage
to cloud infrastructure, Internet of Things (IoT), connectivity and
multimedia, 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, personal 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.
MarvellĀ® 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.