National Semiconductor announced that Brian L. Halla will retire as chief executive officer effective Nov. 30, 2009. He will remain executive chairman of the company. Halla will be succeeded by Donald Macleod, who will become the company’s president and chief executive officer and be appointed to its Board of Directors effective Nov. 30, 2009. Macleod currently serves as National’s president and chief operating officer (COO).
Brian Halla: „This is ‚the house that Donnie built‘, and he deserves to be its chief executive. I’ll stay on through the ‚rainy season‘ to make sure there are no leaks in the roof.“ Macleod, 61, joined National in 1978 and has served in escalating positions throughout his tenure. He rose through the Finance and European Sales and Marketing organizations before becoming vice president and chief financial officer in 1991. He was appointed to the position of executive vice president and COO in 2001 and to his current position.„National is a leader in analog semiconductor technology, and I am delighted to be given the opportunity to leverage that leadership and strong foundation for our new National 3.0 revenue-growth initiatives,“he said. In its most recent fiscal quarter, National reported $314 million in sales with gross margin of 61 percent and earnings per share of $0.13.
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