Lattice Semi Announces Resignation of CEO
Lattice Semiconductor announced that Bruno Guilmart has resigned as President and CEO effective September 4, 2010 to pursue other opportunities. Guilmart is also resigning as a director and tendered his resignation on August 5, 2010. Media reports reveal that Guilmart, who has been CEO since July 2008, will be joining semiconductor assembly equipment maker Kulicke & Soffa Industries Inc.
The Board has appointed Christopher M. Fanning as interim Chief Executive Officer, also effective September 4, 2010. Fanning currently serves as Lattice’s Corporate Vice President and General Manager, Low Density & Mixed Signal Solutions. The company intends to undertake a formal search for a new CEO.
Patrick S. Jones, Chairman of the Board of Directors, said, "Bruno has been instrumental in Lattice’s return to profitability and we wish him well in his future endeavors. We are grateful to him for his efforts and success at helping Lattice better realize the company’s potential. The Board is confident moving forward under the leadership of Chris Fanning, a proven Lattice executive respected by his peers and our customers, and one of the key executives driving our successful turnaround. We remain focused and in a strong competitive position given the company’s world-class organization, momentum with customers, targeted product families, and product roadmap."
Christopher Fanning joined Lattice in 1997 and was promoted to Corporate Vice President and General Manager, Low Density & Mixed Signal Solutions in 2008. Previously, he managed Lattice’s software, intellectual property, and technical support businesses as Corporate Vice President, Enterprise Solutions. He has also served as Vice President of Strategic Planning where he focused on Sales, Marketing, and M&A related matters.