Gordon Parnell to leave Microchip Technology

Gordon was a long-time Chief Financial Officer of Microchip, and in 2009, moved to a role of IR and Business Development. He has many long-term relationships with Microchip’s investors and analysts. Under Gordon’s watch, Microchip completed 10 acquisitions in the last four years, including two large acquisitions - Silicon Storage Technology in 2010 and SMSC in 2012. Steve Sanghi, President and CEO of Microchip, commented, “Gordon has been a 23-year employee of Microchip and made tremendous contributions over that time. Gordon will be greatly missed on a day-to-day basis, although he has agreed to be available on a consulting basis to assist in major deals and other projects. Gordon’s responsibilities will be absorbed by a combination of Eric Bjornholt, CFO, Ganesh Moorthy, COO, and me.” Mr. Sanghi concluded, “On behalf of all of the stockholders and employees of Microchip, I would like to thank Gordon for his outstanding service to Microchip. He has been a role model within Microchip. He hired and trained Eric Bjornholt who took over as CFO in 2009, thus maintaining our long-term proven culture of executive development and internal promotions at Microchip. We wish Gordon well in his retirement.”