Fairchild Semi's CEO Extends Company Contract

Fairchild Semiconductor International (South Portland, ME) announced that Kirk Pond, president, CEO and chairman of the board, has extended his contract with the company and will remain president, CEO and chairman of the board for an additional two years. Pond's current contract expires on March 11, 2003. Additional details are provided in the company's preliminary proxy statement, filed with the Securities and Exchange Commission.