Press release
Microchip Technology Announces Appointment of Karen Rapp to the Board of Directors
CHANDLER, Ariz., Nov. 05, 2020 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure
About this update from Microchip Technology Incorporated
[{"type":"text","content":"CHANDLER, Ariz., Nov. 05, 2020 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Karen Rapp, currently the Chief Financial Officer of National Instruments, will join the Board of Directors of Microchip effective January 4, 2021. Ms. Rapp will also become a member of the audit committee upon joining the Board.\n In a separate press release, Microchip announced that Ganesh Moorthy will join the Board of Directors effective January 4, 2021. With these two board appointments, Microchip will expand its Board from five to seven members. Commenting on Karen Rapp’s appointment to the board, Mr. Sanghi said, “Karen has had an illustrious career with over 30 years in the technology industry with major leadership positions at Freescale Semiconductors, NXP Semiconductors and now at National Instruments. We very much welcome Karen to our board and look forward to benefiting from her contributions.” Karen Rapp commented, “Microchip and Steve Sanghi are among the most successful leaders in the semiconductor industry. I am proud to be joining the board of directors of Microchip and look forward to learning as well as contributing to the success of Microchip.” Cautionary Statement: The statements contained in this release relating to changes in our board of directors and the future success of Microchip are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involves risks and uncertainties that could cause actual results to differ materially, including, but not limited to: uncertainties related to the impact of the COVID19 pandemic on the economy, our business and the business of our customers and suppliers; the impact of any significant acquisitions we may make; our ability to realize the expected benefits of our acquisitions, changes in demand or market acceptance of our products and the products of our customers; our ability to execute on our strategy; our ability to hire and retain our executives and other employees; competitive developments including pricing pressures; the costs and outcome of any current or future litigation or other matters involving our Microsemi acquisition, the Microsemi business, intellectual property, custo...