PMC Names CEO

PMC-Sierra appoints president and chief executive officer

April 3, 2008

1 Min Read
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SANTA CLARA, Calif. -- PMC-Sierra, Inc. (Nasdaq:PMCS) today announced that Greg Lang has been appointed as the Companys president and chief executive officer. The position will become effective immediately upon the resignation of Robert Bailey as the Company’s president and chief executive officer following the filing of the Company’s first quarter 2008 financials Form 10-Q, which will be on or before May 9, 2008. 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.

“The employees of PMC-Sierra and I are excited about Greg joining the Company as CEO,” said Bob Bailey, PMC-Sierra’s Chairman. “The combination of Greg’s impressive track record and experience and PMC-Sierra’s talent and market position provides reason for excitement.”

PMC-Sierra Inc.

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