Exar CEO steps down

Dr Roubik Gregorian has resigned as Chief Executive Officer and President of Exar and as a member of the Board of Directors.

Dr Roubik Gregorian has resigned as Chief Executive Officer and President of Exar and as a member of the Board of Directors.

Dr Gregorian will remain with the company in an advisory role until mid-May, 2007 to provide assistance with transition issues.

"I would like to thank Roubik for his significant contributions to our business during his tenure", said Richard L Leza, Chairman of the Board.

"Roubik has demonstrated success and vision in the technology area".

"We wish him the best of luck in his future endeavours".

Richard L Leza, the Chairman of the Board, will assume, on an interim basis, the duties of Chief Executive Officer and President, effective immediately.

The Board of Directors will immediately commence a search for a permanent replacement for the Chief Executive Officer and President.

Leza will continue to serve as Chairman of the Board and a member of the Strategic Committee, which will now be chaired by John McFarlane.

Leza will no longer be a member of the Audit Committee and will be replaced by Pete Rodriguez, who also chairs the Compensation Committee.

Back to top