Intersil Corp. Announces Departure of Lou DiNardo as President and COO

Intersil Corp. announced that Lou DiNardo,who was appointed President and Chief Operating Officer in January 2006, is no longer employed by the company. Prior to his current position he was Executive Vice President – Power Management Group. He joined Intersil in July 2004 as a result of Intersil's acquisition of Xicor. At Xicor, he served as President and CEO.

"Lou played a pivotal role in the integration of Xicor into Intersil. He also helped our management team refocus and energize our Power Management business. And he has worked closely with me over the past 9 months as our President and COO," stated Rich Beyer, Intersil's CEO. "At this time, however, the Board of Directors and I have decided that I should resume full operational responsibility for the company as we move towards becoming a billion dollar high performance analog company over the next several years."

The organizational responsibilities that were previously handled by Mr. DiNardo will now be managed by Beyer.