News & Events
Intersil Announces Appointment of a New Chairman of the Board
MILPITAS, CA, May 25, 2005 Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog solutions, today announced that the Companys Board of Directors has elected a new Chairman. Following the corporate governance precedence of keeping separate the CEO and Chairman roles, the Board named outside director, Gary E. Gist, as Chairman.
Mr. Gist has been one of the Companys directors since the Companys inception in August of 1999. Mr. Gist is a member of the Audit Committee and the Compensation Committee. Currently, Mr. Gist is the President and CEO of Palomar Companies LLC (Palomar). Currently, Palomar is the parent company for Palomar Technologies, Inc., a capital equipment supplier to semiconductor, disk drive, and other electronic manufacturers, Palomar Display Products, Inc., a supplier of FLIR displays to the US Military, and Palomar Products, Inc., a supplier of internal communication systems for US Military Aircraft. From mid-1993 to 1995, Mr. Gist was the Division Manager of the Technology Products Division of Hughes Industrial Electronics Company. Mr. Gist led a leveraged buy-out of the division which became Palomar. Since 1995, Palomar has bought and sold several companies in the Palomar Group including HID, an RFID access control company. Prior to that, Mr. Gist served as President of Transworld Communication, a manufacturer of radio communications equipment for the worldwide markets.
Gary brings tremendous knowledge about the electronics industry and management in the high tech industry, stated Mr. Beyer, Intersils President and CEO. Gary has extensive insights into Intersils transformation into a high performance analog company. Intersils management team and I look forward to working even more closely with Gary in his role as Chairman. About Intersil
Intersil Corporation, a NASDAQ 100 Index company, is a leader in the design and manufacture of high performance analog semiconductors. The company’s products address three of the industry’s fastest growing markets: flat panel displays, optical storage (CD and DVD recordable) and power management. Intersil products include power management devices for battery management, hot-swap and hot-plug controllers, linear regulators, supervisory ICs, switching DC / DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and rad-hard applications. For more information about Intersil or to find out how to become a member of our winning team, visit the company’s web site and career page at: www.intersil.com
