– USA, MA – MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), a leading supplier of semiconductor solutions, today announced the appointment of Stephen G. Daly as President and Chief Executive Officer, effective immediately.
“We thank John for his leadership for the past six and a half years and his commitment to MACOM’s customers, employees, and investors,” said John Ocampo, Chairman of the Board of Directors. “On behalf of our board of directors and employees, I congratulate Steve on his appointment. We are confident that Steve will be successful in advancing our strategies, which we believe will enable MACOM to reach its full potential.”
Mr. Daly succeeds John Croteau, who resigned on May 15, 2019. Mr. Croteau had served as President and Chief Executive Officer since December 2012. Mr. Croteau will be available to MACOM in an advisory capacity for the next two months to ensure a smooth transition.
About Steve Daly
Mr. Daly has served on MACOM’s Board of Directors since March 2015 and has over 25 years of experience in the semiconductor industry. Prior to joining MACOM’s Board of Directors, Mr. Daly had served for almost ten years as Chairman, President and Chief Executive Officer of Hittite Microwave Corporation, a provider of analog and mixed-signal integrated circuits, modules and subsystems for commercial and military radio frequency, microwave and millimeter-wave applications. Mr. Daly’s 17-year career at Hittite included leading Hittite’s initial public offering in July 2005 and establishing Hittite as an innovative designer of high-performance semiconductor products that generated industry-leading profitability.
“I am excited to accept the role of leading MACOM,” said Mr. Daly. “I look forward to meeting our worldwide employees, partners, customers, suppliers, and shareholders in the days and weeks ahead.”
MACOM designs and manufactures semiconductor products for telecommunication, Industrial and Defense and Datacenter applications. Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, and Asia.
For more information: https://www.macom.com
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