SAN JOSE, Calif., August 21, 2017 – Integrated Device Technology, Inc. (IDT) (NASDAQ: IDTI) today announced that, effective August 18, 2017, Ken Kannappan was appointed to the role of Chairman of the Board of Directors. Mr. Kannappan has served on IDT’s Board since January 2015, after previously serving in the role of IDT Board Chairman from 2000 to 2008.
“I am very pleased to announce that Ken Kannappan will replace John Schofield in the Chairman role. Ken has extensive leadership experience as the former president and CEO of Plantronics, and a distinguished career prior to that. His industry experience and extensive financial markets knowledge will be a key asset to us as we continue to grow our company”, said Greg Waters, IDT president and CEO.
John Schofield, who has elected not to stand for re-election to the Board at IDT’s next annual meeting in order to pursue retirement, has resigned as Chairman in anticipation of his upcoming retirement. Mr. Schofield will continue to serve on IDT’s board until the annual meeting in September 2017.
Mr. Waters said, "On behalf of IDT and the Board, I would like to thank John for his years of outstanding service, and his many contributions in helping to make IDT into the company that it is today. John has been a tremendous asset to the corporation and to me throughout his tenure, and has been instrumental in making IDT into the growth company that it is today. We wish him the very best in retirement and for his service.”
Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. IDT’s market-leading products in RF, high performance timing, memory interface, real-time interconnect, optical interconnect, wireless power and smart sensors are among the company’s broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT can be found at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, and YouTube.
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