Tessera Technologies Names Richard S. Hill Interim CEO

Tessera Technologies

("Tessera" or the "Company") today announced that the Board of Directors has named Richard S. Hill as interim chief executive officer (“CEO”) and executive chairman of the Board of Directors, effective immediately. Mr. Hill replaces former president and CEO Robert A. Young, PhD, who has decided to step down in the best interest of the Company. As previously announced on March 25, 2013, the Company has commenced a search for a new CEO. Upon the successful completion of the CEO search, Mr. Hill will return to his former role of non-executive Chairman. “After a careful deliberation, I have decided to move on with my investment and business activities to avoid further distraction for