PLX Tech CEO Resigns

PLX Technology, Inc. PLXT, a leading global supplier of high-speed connectivity solutions enabling emerging data center architectures, today announced that the PLX(R) Board of Directors has appointed David K. Raun interim president and CEO, effective immediately, following the Board's acceptance of the resignation of Ralph H. Schmitt as president and CEO. Raun has held multiple leadership positions at PLX, including his most recent position as senior executive vice president and general manager. Schmitt plans to pursue a leadership role at a different company and will stay on the PLX Board of Directors to help with continuity through the expected acquisition of PLX Technology by IDT.