Integrated Device Technology, Inc. (IDT® or the Company) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced the appointment of Greg Waters, 53, as President, Chief Executive Officer and board member, effective January 6, 2014. Jeff McCreary, who served as interim CEO since August 2013, will remain a member of the IDT board of directors.
Mr. Waters has an impressive track record of delivering profitable and sustainable businesses. He previously was Executive Vice President and General Manager for Skyworks Solutions, where he led their Front End Solutions business to a decisive #1 Industry position. Prior to Skyworks, he served in several executive positions at Agere Systems and was a key executive delivering their IPO. He began his career at Texas Instruments, where he held a variety of management positions in sales, customer design centers, and business unit management. Waters holds a B.S. in Engineering from the University of Vermont and an M.S. in Computer Science from Northeastern University.
"Greg is a proven semiconductor industry leader who has demonstrated his ability to successfully transform teams, products and businesses to achieve customer and shareholder value," said John Schofield, Chairman of IDT’s board of directors. "We look forward to his doing the same again for IDT. His impressive knowledge and experience coupled with his ambitious drive for product execution is exactly what led us to appoint Greg."
“On behalf of his fellow Board of Directors, I want to thank Jeff McCreary for his stellar contribution and leadership as interim CEO over the past four months,” added Schofield. “We value Jeff’s leadership and dedication to the Company and benefit from his strategic vision.”
"I'm very honored and excited to join the IDT team,” said Waters. “It is a great opportunity and an ideal time for IDT to build on its current market leadership positions and to excel in taking the lead in key growth markets. I look forward to working with the board of directors and our people to execute for our customers and shareholders. We're going to become one of the industry's great companies, led by the innovation of our products.”