7 April 2011

Anadigics’ CEO Rivas and senior VP White resign

RF and mixed-signal semiconductor maker Anadigics Inc of Warren, NJ, USA has announced the resignations of president & CEO Mario Rivas and senior VP Greg White. The firm also says that it remains on track with it’s first-quarter 2011 revenue guidance of $42–44m.

Picture: Mario Rivas.

Ron Michels (senior VP, chief technology & strategy officer) will assume the responsibilities of CEO, Tom Shields (executive VP & chief financial officer) will assume the additional post of chief operating officer, and John Van Saders (VP Advanced Technology) will serve as senior VP RF Products.

“Mario has been instrumental in Anadigics return to profitability during 2010 and we wish him well in his future endeavors,” comments Lew Solomon, chairman of the board of directors. “The board is confident moving forward under the leadership of Ron Michels, a proven Anadigics executive respected by his peers and our customers, and one of the key executives driving our successful turnaround,” he adds. “We remain focused and in a strong competitive position given the company’s world-class organization, momentum with customers, targeted product families, and product roadmap.”

Michels joined Anadigics in 1987 and was senior VP/general manager of Broadband Products during 2005–2009. Previously, he held engineering and management positions in Lockheed Electronics, New Jersey Public Broadcasting, and K & M Broadcasting. Michels earned his Bachelors degree in Electrical Engineering from the New Jersey Institute of Technology. He holds several US Patents, has authored publications in the area of RF communications, and serves on the Lehigh University Electrical & Computer Engineering Advisory Board.

Shields joined Anadigics in 1999. He was senior VP & chief financial officer from July 1999, and has been executive VP & CFO since January 2006. Previously, Shields was VP & controller of Fisher Scientific Company from 1997 to 1999. From 1994 to 1997, he was VP & controller for Harman Consumer Group. From 1986 to 1994, he served in various positions with Baker & Taylor Inc. Shields received his B.S. and M.B.A. degrees from Fairleigh Dickinson University. He has also been a member of the national Board of Directors for TechAmerica (formerly American Electronics Association) since 2005.

Van Saders joined Anadigics in 1990 as a design engineer, serving in several management and executive product development positions. From 2001 to 2006, he was VP, engineering & manufacturing for ASIP, an optoelectronics startup that later merged with T-Networks. But since 2007 he has served as Anadigics’ VP Advanced Development. Van Saders has a Masters degree in Electrical Engineering (Communication Theory) from NJIT and a Bachelors degree from Stevens Institute of Technology in Optical Physics. He also has several patents in circuit design and optical processing, and has authored a number of technical publications.

“We will work hard to make sure we keep the confidence and trust of our customers during this transition and beyond,” comments president & CEO Ron Michels.

See related items:

Anadigics’ sales fall less-than-expected 1.7% in Q4 to $60m

Anadigics’ revenue grows 18.6% in Q3 to $61.3m

Tags: Anadigics

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