MILPITAS, Calif., Aug. 11 /PRNewswire-FirstCall/ -- Sipex Corporation
(SIPX.PK) today announced the appointment of Brian Hilton as the Company's new
Chairman of the Board of Directors. Mr. Hilton is replacing Douglas McBurnie,
who remains a member of the Board of Directors.
Mr. Hilton, who joined the Board in July, 2004 has over 35 years of
experience in the semiconductor industry. Most recently, Hilton was president
of Avnet Electronics Marketing, a global electronics distributor. In this
role, Hilton was responsible for building Avnet's Asian business and expanding
their presence in Europe, the Middle East and Africa. Prior to Avnet, Hilton
spent 30 years at Motorola Inc., reaching the position of corporate VP and
director of worldwide sales and marketing for Motorola's Semiconductor
Products Sector (SPS).
"We are delighted to appoint Mr. Hilton as our new Chairman. We look
forward to Brian's guidance as we build Sipex's future. His background is
well suited to help us drive Sipex as a major analog player," commented Ralph
Schmitt, CEO of Sipex. "In addition, we would like to thank Mr. McBurnie for
his past service as chairman helping Sipex through a very difficult time in
the Company's history."
About Sipex
Sipex Corporation is a semiconductor Company that designs, manufactures
and markets high performance, value-added analog integrated circuits (ICs).
Sipex serves the broad analog signal processing market with interface, power
management and optical storage ICs for use in automotive, portable products,
computing, communications, and networking infrastructure markets. The Company
is headquartered in Milpitas, CA with additional offices in Belgium, Canada,
China, Germany, Japan, and Taiwan. Sipex sells products direct and through
its distribution channels. For more information about Sipex, visit
http://www.sipex.com.
Forward-Looking Statements
This press release contains forward-looking statements, as defined under
the securities laws of the United States. These forward-looking statements
include the statements regarding the Company's future and position in the
marketplace. These statements are just predictions and involve risks and
uncertainties, such that actual results may differ significantly. These risks
include, but are not limited to, risks related to the operation of the
Company's business, competition and changes in the marketplace and changes in
the global and national economies where the Company conducts business.
For Further Information Contact:
Clyde R. Wallin
Chief Financial Officer and Sr. VP of Finance
Phone: 408-934-7500
Fax: 408-935-7600
SOURCE Sipex Corporation
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Related links:
http://www.sipex.com
Company News On-Call:
http://www.prnewswire.com/comp/111683.html
CONTACT:
Clyde R. Wallin, Chief Financial Officer and
Sr. VP of Finance of Sipex Corporation, +1-408-934-7500, or fax,
+1-408-935-7600
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