Fairchild FCS, a
leading global supplier of power semiconductors, announced management changes
that streamline the company's reporting structure.
Fairchild has attracted the top talent in the industry to build an outstanding
operations leadership team. Today the company announced that this team will
report directly to Mark Thompson, Fairchild's chairman and CEO. Mr. Thompson
will also assume the title of president as a result of the changes. Vijay
Ullal, president and chief operating officer, has departed the company. The
changes are effective immediately.
"I am pleased to announce these changes as Fairchild enters our next phase of
innovation and product development," said Thompson. "These organization
changes provide a seamless transition to the next phase of transformation
within Fairchild and ensure continuity of leadership while providing new
opportunities to a number of our top executives."
More than two years ago, Fairchild initiated an extensive restructuring of its
supply chain, including a manufacturing footprint consolidation that is on
schedule to be completed in 2015. The company also sought to upgrade its
leadership team to accelerate operational improvement, one part of which was
hiring Mr. Ullal.
"Mr. Ullal has made valuable contributions during his tenure, for which we are
thankful," said Thompson. "During this period it also became increasingly
clear that the company and Mr. Ullal had different perspectives about what
constitutes effective, sustainable leadership, which ultimately led to his
departure."
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