Skyworks Elects David P. McGlade to Its Board of Directors; Executive Brings More Than 22 Years of Global Telecommunications Experience; Donald R. Beall to Retire in April
"Dave McGlade is a tremendous addition to Skyworks' board of directors," said Dwight W. Decker, Skyworks' chairman of the board. "With more than 22 years of global experience in the telecommunications and cable industries, Dave's unique perspective from working with cellular service providers around the world will be a strategic asset to Skyworks."
McGlade, 44, served as CEO of O2 UK, a subsidiary of mmO2 PLC, one of the largest mobile communications companies based in the United Kingdom, since 2000. He was instrumental in turning around O2 UK, growing its customer base to over 14 million subscribers. He also led the creation of a joint venture with Tesco, the United Kingdom's largest retail group, uniquely positioning O2 UK to address underserved market segments. Just recently, McGlade was appointed CEO of Intelsat, a leading provider of satellite communications services worldwide, and will assume that role in April of 2005.
Before joining O2 UK, McGlade was president of the Western Region for Sprint PCS, where he was instrumental in taking the company from its inception to its successful launch and rapid customer growth period. He also held the position of CEO and co-founder of Pure Matrix, a U.S. software company that enables the creation of services on mobile phones.
Donald R. Beall to Retire
A Skyworks director since June 2002, Donald R. Beall, 66, has expressed his intention to retire from the board following the stockholders' meeting in April. Beall is the former chairman and CEO of Rockwell International, where he supported aggressive corporate investment in wireless semiconductor technology. Beall's retirement is part of his overall plan to reduce his many commitments and travel schedule.
"Don's vision has been particularly helpful in guiding the Skyworks organization," said Decker. "Although he will no longer serve as a board member, we look forward to maintaining our strong relationship and leveraging his broad industry knowledge."
"Over my three-year term, I have thoroughly enjoyed working with Skyworks' outstanding board and executive team," said Beall. "I have every confidence in Skyworks' continued success."
About Skyworks
Skyworks Solutions Inc. is the industry's leading wireless semiconductor company focused on RF and complete cellular system solutions for mobile communications applications. The company is focused on providing front-end modules, RF subsystems and cellular systems to handset, WLAN and infrastructure customers.
Skyworks has headquarters in Woburn, with executive offices in Irvine, Calif. The company has design, engineering, manufacturing, marketing, sales and service facilities throughout North America, Europe, Japan and Asia Pacific. For more information please visit www.skyworksinc.com.
Safe Harbor Statement
This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information relating to future results of Skyworks (including certain projections and business trends). Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "believes," "plans," "may," "will," "continue," similar expressions, and variations or negatives of these words. All such statements are subject to certain risks and uncertainties that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.
These risks and uncertainties include, but are not limited to: global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; the ability to develop, manufacture and market innovative products in a rapidly changing technological environment; the ability to compete with products and prices in an intensely competitive industry; product obsolescence; losses or curtailments of purchases from key customers or the timing of customer inventory adjustments; the timing of new product introductions; the availability and extent of utilization of raw materials, critical manufacturing equipment and manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; the ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; economic, social and political conditions in the countries in which Skyworks, its customers or its suppliers operate, including security and health risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's filings with the Securities and Exchange Commission.
These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions Inc. or its subsidiaries in the United States and in other countries. All other brands and names listed are trademarks of their respective companies.
CONTACT: Skyworks Solutions Inc.
Pilar Barrigas (Media), 949-231-3061
or
Thomas Schiller (Investors), 949-231-4700
SOURCE: Skyworks Solutions Inc.