Mr. Hughes to remain in position until successor found
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus Inc. (NASDAQ:RMBS), one of the world's premier technology
licensing companies, announced today that it has begun a search for a
successor to chief executive officer Harold Hughes, who is planning to
retire from his current position. Mr. Hughes will remain in the position
of chief executive officer until a successor is named.
"Rambus is on a strong path as a result of our diversification strategy
and recent license agreements with key semiconductor companies. Given
this, I have decided it is time to start the process of identifying my
successor and help the Company move into the next phase," said Mr.
Hughes. "Our major investments in lighting and cryptography, along with
our industry leading memory technology, give Rambus the basis for
tremendous revenue and operating margin growth. I look forward to
helping identify a new CEO to lead our business forward to reach its
full potential, and to assist in any way I can as a Board member."
"Harold has been an outstanding CEO, navigating Rambus through major
challenges, strengthening its financial position and positioning the
Company for future growth. As a member of the Board, Harold will
continue to be involved in helping management execute the strategy he
has championed," said J. Thomas Bentley, chairman of the Rambus Board of
Directors. "With Harold's vision and foresight through a series of key
acquisitions in new technology areas and continued development in the
core technology, we feel the stage is set for finding a successor to
lead Rambus forward."
Mr. Hughes has served on the Rambus Board of Directors since 2003, and
will be nominated for election to another term as a Director in the
upcoming Annual Stockholder's Meeting scheduled for April.
About Rambus Inc.
Founded in 1990, Rambus is one of the world's premier technology
licensing companies. As a company of inventors, Rambus focuses on the
development of technologies that enrich the end-user experience of
electronic systems. Its breakthrough innovations and solutions help
industry-leading companies bring superior products to market. Rambus
licenses both its world-class patent portfolio, as well as its family of
leadership and industry-standard solutions. Rambus has offices in
California, North Carolina, Ohio, India, Germany, Japan, Korea, and
Taiwan. Additional information is available at www.rambus.com.
RMBSFN
Rambus Public Relations
Linda Ashmore, 408-462-8411
lashmore@rambus.com
Source: Rambus Inc.
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