Altera Corp. Announces John Daane as New CEO

November 27, 2000 by Jeff Shepard

Semiconductor maker Altera Corp. (San Jose, CA) reported that John Daane would become president and CEO, effective Thursday, 30 November, 2000.

Daane will be replacing Rodney Smith, who last year announced his intention to retire. Smith will remain chairman of Altera's board. Daane has much experience in the semiconductor industry; he formerly worked at LSI Logic Corp., where he headed LSI's communication products group. Additionally Daane was responsible for LSI's design services, intellectual property development and methodology, the company's CAD and library development activities, as well as a number of corporate and customer support functions.

“I am very pleased to announce the selection of John Daane as our next president and CEO," stated Rodney Smith, Altera's current CEO. “John's in-depth knowledge of the semiconductor industry, and the ASIC market in particular, will be invaluable in leading Altera's growth as we focus on system-on-a programmable-chip solutions for the communications market."