Power Integrations Appoints Bill Roeschlein As Chief Financial Officer
Power Integrations announced that Bill Roeschlein has been appointed Chief Financial Officer (CFO) and Corporate Secretary, effective June 30, 2008.
Roeschlein comes to Power Integrations with more than 15 years of corporate financial management, investment banking and public accounting experience. Since 2006, he has served as CFO of Selectica, Inc., a publicly traded provider of sales configuration and contract management software solutions. Previously, Roeschlein was Vice President of Finance and Corporate Controller of Ultra Clean Technology, a publicly traded supplier of subsystems primarily for the semiconductor capital equipment industry. He has also held financial management roles at Asyst Technologies, a provider of automation systems to the semiconductor industry, as well as Hewlett-Packard Co.
"We are extremely pleased that Bill Roeschlein is joining Power Integrations as our Chief Financial Officer," said Balu Balakrishnan, President and CEO. "Bill has an impressive diversity of experience in a wide range of financial roles within the technology industry. He brings us a terrific combination of financial expertise, energy and managerial talent."
"I believe Power Integrations is the most exciting story in the semiconductor industry today," said Roeschlein. "The growing importance of energy efficiency, combined with rising labor and raw-material costs, are clearly driving the power supply market toward an IC-based approach. Power Integrations is extremely well positioned to lead this trend, and I am thrilled at the opportunity to join the company as CFO."