LOWELL, Mass., Dec. 16, 2013 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) (MACOM), a leading supplier of high performance RF, microwave, and millimeter wave products, today announced the appointment of Robert J. McMullan as its Chief Financial Officer, effective January 2, 2014. Mr. McMullan will succeed Conrad Gagnon, who has resigned effective as of the same date to pursue other career and personal interests following a more than 20-year career in senior financial roles with MACOM and its affiliated companies. Mr. Gagnon is expected to remain with the Company in an advisory role to facilitate transition of his duties and responsibilities through the beginning of April 2014.
Mr. McMullan, 59, is a seasoned industry veteran with over 25 years of C-level experience working for domestic, international, private and public companies. Prior to his recent CEO and advisory positions, Mr. McMullan played an integral role in the growth of GlobespanVirata and its integration with Conexant Systems following their merger, which created a global semiconductor company with a $900 million market capitalization. He later led HCL Expense Management Services Inc., a subsidiary of HCL Technologies, a $2 billion IT company.
"Bob is a highly accomplished and respected financial executive who has a strong record of success in mergers and acquisitions, financial management, corporate financings and restructuring," said John Croteau, President and CEO, of MACOM. "We believe his deep industry experience combined with his extensive financial background makes him a strong addition to the existing MACOM team as we enter our next phase of growth."
Mr. Croteau further commented, "We would also like to thank Conrad for his invaluable contributions during a long and distinguished career at MACOM in senior financial roles. As CFO, he played a critical role in executing our successful turnaround and returning MACOM to profitability, implemented the necessary financial organization and systems to enable growth, and led us through our 2012 initial public offering. We wish him the very best in his future endeavors."
About MACOM
M/A-COM Technology Solutions Holdings, Inc. (www.macomtech.com) is a leading supplier of high performance RF, microwave, and millimeter wave products that enable next-generation internet and modern battlefield applications. Recognized for its broad catalog portfolio of technologies and products, MACOM serves diverse markets, including CATV, wireless and optical communications infrastructure, satellite, radar, automotive, industrial, medical, and mobile devices. A pillar of the RF and microwave industry, we thrive on more than 60 years of solving our customers' most complex problems.
Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF & Microwave, The First Name in Microwave and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on MACOM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, any statements regarding future trends, business strategies, competitive position, industry conditions and market opportunities. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
Forward-looking statements contained in this press release reflect MACOM's current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those expressed in any forward-looking statement. Although MACOM believes that the expectations reflected in the forward-looking statements are reasonable, it cannot and does not guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, among others, those factors described in "Risk Factors" in MACOM's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the fiscal year ended September 27, 2013 as filed with the SEC on December 5, 2013. MACOM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.