Integrated Device Technology, Inc.., the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced that Richard D. Crowley, senior vice president and chief financial officer, will be resigning his position with IDT to pursue another executive opportunity. Mr. Crowley will continue to serve as a financial advisor to the Company through September 17, 2013.
The Company has appointed Brian C. White as chief financial officer effective September 11, 2013. White has more than 25 years of accounting and financial experience, including six years as vice president of finance and treasurer at IDT. He also served as interim CFO at the Company in 2008. Prior to IDT, White served as director of business operations at NVIDIA and held a variety of senior level finance positions at IBM and Hitachi GST. White holds a B.A. in Business Administration and Accounting from Seattle University and an M.B.A. in Finance and International Business from the University of Notre Dame.
“I’m pleased to appoint Brian as our CFO. Brian has been a key contributor to IDT as vice president of finance and treasurer for the past six years. His deep knowledge of the organization, extensive financial management experience, and impressive record of improving operations will serve IDT well as we work toward our strategic objectives,” said Jeff McCreary, IDT interim president and chief executive officer.
“I'm excited to take on the CFO role and look forward to working with the management team to continue to build on the momentum we have been demonstrating,” said White.
“Rick has been a valuable contributor to IDT and an important strategic partner for the management team,” said John A. Schofield, IDT's Chairman of the Board. “The board of directors and I appreciate his leadership, dedication and expertise over the past five years and we wish him the best of luck with his next executive role.”
“I would like to thank everyone associated with IDT for the opportunity to contribute to the Company over the last five years,” said Crowley. “I believe IDT’s solid financial foundation positions the company well for continued improvement. I will work closely with Brian to facilitate an orderly transition.”