MOUNTAIN VIEW, Calif. -- NetLogic Microsystems, Inc. (NASDAQ: NETL), a leader in the design and development of knowledge-based processors, today announced that Don Witmer will step down from his position as vice president and chief financial officer, effective April 9, 2007, for medical reasons. Mr. Witmer will continue to be employed by the company through the end of 2007 as an advisor to Ron Jankov, the company's president and chief executive officer, and a search is currently underway to appoint a new chief financial officer. Shig Hamamatsu, NetLogic Microsystems' corporate controller, will assume the role of interim chief financial officer.
"We are very grateful to Don for his contributions over the past 3 years," said Ron Jankov. "He has built a strong financial infrastructure, and has been an invaluable member of our executive management team through a period of significant growth and development, including our transition to becoming a public company. We are very pleased that he will continue to work with us and we look forward to his contributions in this new capacity," he said.
"Over the past several years, it has been very gratifying to see the company grow into a technology leader in our market and to watch the expansion of our customer base and revenue opportunities," said Don Witmer. "We are now poised to take advantage of what we expect will be strong growth in several new and strategically important applications such as IPTV, mobile wireless infrastructure and voice-over-IP, as well as the upgrade of many enterprise systems to 10 Gigabit Ethernet. Our finance team is very strong and I have every confidence that this will be a smooth transition."
NetLogic Microsystems Inc.