National Semiconductor Announces Retirement of Brian Halla as Chief Executive Officer; Donald Macleod Appointed President and Ch
October 09 2009 - 3:53PM
PR Newswire (US)
SANTA CLARA, Calif., Oct. 9 /PRNewswire-FirstCall/ -- National
Semiconductor Corp. (NYSE:NSM) today announced that Brian L. Halla
will retire as chief executive officer effective Nov. 30, 2009. He
will remain executive chairman of the company. Halla will be
succeeded by Donald (Don) Macleod, who will become the company's
president and chief executive officer (CEO) and be appointed to its
Board of Directors effective Nov. 30, 2009. Macleod currently
serves as National's president and chief operating officer (COO).
"Strongly deserved," said Brian Halla. "This is 'the house that
Donnie built', and he deserves to be its chief executive. I'll stay
on through the 'rainy season' to make sure there are no leaks in
the roof." Halla plans to retire from the Board of Directors at the
end of National's fiscal year 2010 (May 30, 2010), the fourteenth
anniversary of his joining the company. Don Macleod, 61, joined
National in 1978 and has served in escalating positions throughout
his tenure. He rose through the Finance and European Sales and
Marketing organizations before becoming vice president and chief
financial officer in 1991. He was appointed to the position of
executive vice president and COO in 2001 and to his current
position of president and COO in 2005. "National is a leader in
analog semiconductor technology, and I am delighted to be given the
opportunity to leverage that leadership and strong foundation for
our new National 3.0 revenue-growth initiatives," said Macleod. In
its most recent fiscal quarter, National reported $314 million in
sales with gross margin of 61 percent and earnings per share of
$0.13. About National Semiconductor National Semiconductor is a
leader in analog power management technology. Its products include
easy-to-use integrated circuits, PowerWise products that enable
more energy-efficient systems, and SolarMagic products which
improve the energy output of solar arrays. The company celebrates
its 50th anniversary this year. Headquartered in Santa Clara,
Calif., National reported sales of $1.46 billion for fiscal 2009.
Additional information is available at http://www.national.com/.
Media Contact: Financial: LuAnn Jenkins Mark Veeh National
Semiconductor National Semiconductor (408) 721-2440 (408) 721-5007
DATASOURCE: National Semiconductor Corp. CONTACT: Media, LuAnn
Jenkins, +1-408-721-2440, , or Financial, Mark Veeh,
+1-408-721-5007, , both of National Semiconductor Web Site:
http://www.national.com/
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