Volterra Announces Appointment of Intel Executive Mike Burns as VP and CFO

Volterra Semiconductor Corp. announced the appointment of Intel finance executive Mike Burns to the position of Vice President and Chief Financial Officer, and the resignation of Greg Hildebrand as Vice President of Finance and Chief Financial Officer. Burns’ employment shall commence on, and Hildebrand’s resignation shall be effective as of Monday, August 20, 2007.

"I am excited that Mike is joining our executive management team," said Jeff Staszak, Volterra’s President and Chief Executive Officer. "Mike brings 18 years of financial management experience to the CFO role, and we believe he has gained the skills and experience from his tenure at Intel that we need to further drive Volterra’s growth as a world-class semiconductor organization."

Prior to joining Volterra, Burns had a successful 15 year career at Intel Corp. where he held several key positions in the United States and overseas, including as the assistant treasurer of Intel Corp. and most recently as the finance director and controller of Intel Capital. Prior to joining Intel, Burns worked in public accounting. Burns earned his B.A. in economics and M.S. in industrial engineering from Stanford University, and his M.B.A. from the University of California at Berkeley’s Haas School of Business.

Regarding the resignation of Hildebrand, Staszak went on to say, "We are all very saddened and disappointed that Greg has decided to leave Volterra. He was one of the founders of the company and was instrumental in getting us to where we are today. We wish him all the best. "

"I am very proud of Volterra’s accomplishments over the last decade and I wish everyone at Volterra continued great success," said Hildebrand. "For 11 years, I have been blessed with tremendous opportunities at Volterra, but I have decided the time is now right for me to move on to new and different challenges."

Hildebrand shall continue as a Volterra employee in the near term in a non-executive capacity, to assist with the transfer of responsibilities to Burns and to help manage the company’s financial activities during this transition period.