SANTA CLARA, Calif. — Advanced Analogic Technologies, Inc. (“AnalogicTech” or the “Company”) (Nasdaq: AATI), an analog semiconductor company focused on powering innovative solutions in consumer electronics, computing, and communications markets, today announced that Brian McDonald has resigned from his position as Vice President of Worldwide Finance, Chief Financial Officer, and Secretary to pursue other interests. Ashok Chandran, 51, who has been with the company for more than six years, most recently as Vice President and Chief Accounting Officer, will become interim Chief Financial Officer, effective immediately.
AnalogicTech also announced it will release financial results for the first quarter ended March 31, 2011 following the close of the market on Monday, May 2, 2011. The company will host a corresponding conference call and live webcast at 1:30 p.m. Pacific Time (PT), 4:30 p.m. Eastern Time (ET). To listen to the live conference call, please dial 877-941-2069 or 480-629-9713 outside the U.S. at 1:20 p.m. PT on May 2, 2011. An audio replay of the call will be available through May 9, 2011 by dialing 800-406-7325 or 303-590-3030 outside the U.S., and entering the passcode 4431232.
“I want to thank Brian for his many contributions among which was building a world class finance team that earned AnalogicTech recognition by Forbes as one of the most trustworthy companies,” stated Richard K. Williams, President, CEO and CTO of AnalogicTech. “Most recently, Brian architected and deployed a cost reduction roadmap consistent with our diversification strategy that has better positioned the company to return to sustained profitability without sacrificing growth or product innovation. We wish him well in his future endeavors.
“I am confident that Ashok, as a veteran of AnalogicTech, has the experience and understanding of our business to ensure a smooth transition,” concluded Mr. Williams.
Mr. Chandran's prior experience includes serving in senior financial roles at JDS Uniphase from 1999 to 2004. Additionally, he held finance positions at LSI Logic Corporation from 1996 to 1999 and National Semiconductor Corporation from 1983 to 1995. Mr. Chandran holds a Master of Business Administration degree from Duke University in Durham, NC and a bachelor's degree in mechanical engineering with honors from Monash University in Melbourne, Australia.