Tessera Technologies TSRA ("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
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