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Wednesday, June 04, 2008 --- 77 days ago http://seekingalpha.com/article/80055-marvell-shakes-up-its-management-team?sour
 Vijay Nagarajan submits: Marvell (MRVL) followed up a strong quarter by shaking up its management team. The company, it seems to me, is taking pains to demonstrate that the bad times are now behind it.l The company has a new CFO in Clyde Hosein who starts on June 23rd. Clyde brings about 25 years of finance and operations related experience in technology industries. Clyde replaces George Urioste who was Marvell's interim CFO since January 2008. George takes over as the acting COO to relieve Pantas Sutardja. Pantas will now focus on his role as the company's CTO. Weili Dai, wife of CEO Sehat, is back in the executive team as the VP sales for the Marvell's communications and consumer business unit. Weili resigned as the company's COO last year due to stock backdating issues. She was relegated to a non-executive Director's role until the issue was resolved. As she and the company agreed to pay fines related to the SEC charges, Weili was presented with the opportunity of taking up an executive role again. The CEO wasted no time in executing on this opportunity praising Weili for her “great business acumen, strategic thinking and endless passion” while offering her the new role. Sehat also seems to assure his employees that the bad times are over for Marvell as he mentioned this in a note to them: Complete Story » ... |
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