CEO Stefan Wolff Steps Down to Serve as Strategic Advisor; CTO Jim Cable to Function as Pro Tem CEO
SAN DIEGO – Sept. 26, 2018 – pSemi Corporation (formerly known as Peregrine Semiconductor), a Murata company focused on semiconductor integration, announces several organizational changes, including the promotion of two directors to vice presidents, a simplified organizational structure and a change in role for CEO Stefan Wolff. These changes come in the midst of a record-breaking quarter as pSemi prepares for additional rapid growth. pSemi is projected to end this quarter in September with revenue 15 percent higher than the prior record.
Stefan Wolff will step down as CEO on Oct. 1. The former CEO and current CTO, Jim Cable, will serve as pro tem CEO. To support the transition, Stefan will remain as strategic advisor until December, when he will return to Germany to be closer to his family.
“It is with a heavy heart that I announce I must return to Germany in December to be with my family,” says Stefan Wolff, CEO of pSemi. “pSemi is only beginning to harness and deliver its innovative products on a large scale. We have a fantastic team to deliver what the market needs next, a full design-win pipeline, an award-winning patent portfolio and outstanding support from our parent company, Murata. In my time at pSemi, we’ve made tremendous progress, and our team, our business and our product portfolio have grown substantially. With our simplified organizational structure and the addition of further industry expertise to our leadership team, I am confident pSemi can effectively scale the business to the next level and become Murata’s center of excellence for RF, mixed signal, power, optical and ASIC semiconductors.”
The company will promote Donna Fenn to vice president of HR and Anil Tata to vice president of IT, effective Oct. 1. Donna Fenn joined pSemi in 2016 as director of HR, and under her leadership, the company’s headcount has grown to more than 580 employees. Anil Tata joined pSemi in 2015 as director of IT, and he has effectively scaled the enterprise’s systems. Both positions will report directly to the CEO and will support additional internal needs and more collaboration with Murata.
pSemi Corporation is a Murata company driving semiconductor integration. pSemi builds on Peregrine Semiconductor’s 30-year legacy of technology advancements and strong IP portfolio but with a new mission: to enhance Murata’s world-class capabilities with high-performance RF, analog, mixed-signal and optical solutions. With a strong foundation in RF integration, pSemi’s product portfolio now spans power management, connected sensors, optical transceivers, antenna tuning and RF frontends. These intelligent and efficient semiconductors enable advanced modules for smartphones, base stations, personal computers, electric vehicles, data centers, IoT devices and healthcare. From headquarters in San Diego and offices around the world, pSemi’s team explores new ways to make electronics for the connected world smaller, thinner, faster and better. To view pSemi’s semiconductor advancements or to join the pSemi team, visit www.psemi.com.
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