President and Chief Executive Officer Jim
Anderson Steps Down to Pursue a New Opportunity
Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power
programmable leader, today announced the appointment of Esam
Elashmawi, Chief Marketing and Strategy Officer, as Interim Chief
Executive Officer effective immediately. Mr. Elashmawi’s
appointment follows the decision by Jim Anderson to step down as
President, Chief Executive Officer, and Board member to pursue an
opportunity with another company.
The Board has commenced a search process to identify a permanent
CEO and will consider internal and external candidates as part of
its search.
Mr. Elashmawi joined Lattice in 2018 and brings over 30 years of
FPGA technology and industry experience to the role. Prior to
joining Lattice, Mr. Elashmawi held the positions of Senior Vice
President and General Manager at Microsemi Corporation and Vice
President of Product Development at Actel Corporation. Earlier in
his career he co-founded SiliconExpert Technologies, a component
management software company, which was acquired by Arrow
Electronics. As Chief Marketing and Strategy Officer at Lattice,
Mr. Elashmawi has been deeply engaged with Lattice’s investment
community and customers. He also spearheaded the Company’s
strategic transformation leading to rapid product portfolio
expansion and the launch of multiple new hardware and software
solutions.
“Over the last six years, Esam has played a critical role in
Lattice’s transformation,” said Jeff Richardson, Chair of Lattice’s
Board. “I am confident that Esam and our talented executive team
will ensure a smooth transition for all our stakeholders. With
clear strategic priorities in place, and significant opportunity
for growth and value creation, the Board is confident the Company
is well positioned to build upon its track record of delivering
outstanding results.”
Mr. Richardson continued, “On behalf of the Board, I wish Jim
well and thank him for his leadership in overseeing Lattice during
a period of meaningful transformation and innovation.”
“It has been an honor to lead the exceptional team at Lattice
for the past six years,” said Mr. Anderson. “I am very proud of
what we have accomplished together, and I look forward to following
Lattice’s success.”
“We’re at an exciting time in Lattice’s history as we continue
to execute on our largest product portfolio expansion,” said Mr.
Elashmawi. “I look forward to working closely with the Lattice
Board and the management team as we build on our strong foundation
and deliver for our customers and stakeholders.”
Forward-Looking Statements Notice:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and made pursuant to the safe harbor provisions of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
involve estimates, assumptions, risks and uncertainties. Any
statements about our expectations, beliefs, plans, objectives,
assumptions or future events or performance are neither historical
facts nor assurances of future performance and may be
forward-looking. Such forward-looking statements include, but are
not limited to, statements relating to candidates Lattice intends
to consider for CEO, ensuring a smooth transition for all Lattice
stakeholders, and continuing a track record of outstanding results,
execution of Lattice’s product portfolio expansion, and success.
Other forward-looking statements may be indicated by words such as
“will,” “could,” “should,” “would,” “may,” “expect,” “plan,”
“project,” “anticipate,” “intend,” “forecast,” “future,” “believe,”
“estimate,” “predict,” “propose,” “potential,” “continue” or the
negative of these terms or other comparable terminology.
Actual results may differ materially from our expectations and
are subject to risks and uncertainties that relate to the
availability of qualified CEO candidates, the general economy, the
markets in which we operate, and more broadly to our overall
business, including those risks and uncertainties described in our
filings with the Securities and Exchange Commission, including
Lattice’s most recent Annual Report on Form 10-K, especially those
under the captions “Risk Factors” and “Management's Discussion and
Analysis of Financial Condition and Results of Operations”, all of
which are expressly incorporated herein by reference. In addition,
any forward-looking statement applies only as of the date on which
it is made. The Company does not intend to and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
About Lattice Semiconductor
Lattice Semiconductor (Nasdaq: LSCC) is the low power
programmable leader. We solve customer problems across the network,
from the Edge to the Cloud, in the growing Communications,
Computing, Industrial, Automotive, and Consumer markets. Our
technology, long-standing relationships, and commitment to
world-class support let our customers quickly and easily unleash
their innovation to create a smart, secure, and connected
world.
For more information about Lattice, please visit
www.latticesemi.com. You can also follow us via LinkedIn, Twitter,
Facebook, YouTube, WeChat, or Weibo.
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version on businesswire.com: https://www.businesswire.com/news/home/20240603102674/en/
INVESTORS: Rick Muscha Lattice Semiconductor 408-826-6000
Rick.Muscha@latticesemi.com
MEDIA: Sophia Hong Lattice Semiconductor 503-268-8786
Sophia.Hong@latticesemi.com
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