Gao to Act as Interim CFO for Spreadtrum Communications (SPRD); Wu Resigns

October 21, 2009 7:56 AM EDT

Spreadtrum Communications, Inc. (NASDAQ: SPRD) today announced that its Chief Financial Officer, David S. Wu, has resigned from the Company effective October 13, 2009, due to personal reasons. The Company's Vice President of Finance, who has been with the Company since 2001, Shannon Gao, will assume the responsibility for day-to-day finance and accounting activities while the Company commences a search for Mr. Wu's successor.

Commenting on the transition, Spreadtrum's President and CEO, Dr. Leo Li, said, "It is a difficult decision to separate with David after his short time here. Yet, we respect David's need to focus on his personal matters. We appreciate the contribution that David has made during his time at Spreadtrum and wish him all the best in his new endeavor. I am confident that Shannon will be able to provide the continuity in our finance and accounting functions while we search for a new CFO."

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