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Exar Corporation (EXAR) Announces Resignation of CFO; Kevin S. Bauer Named as Replacement

June 23, 2009 4:17 PM EDT
EXAR Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)
Exar Corporation (Nasdaq: EXAR) announced today that J. Scott Kamsler, has resigned from the Company as Senior Vice President and Chief Financial Officer. Kevin S. Bauer, currently serving Exar as Vice President, Finance and Corporate Controller, has been promoted to Vice President and Chief Financial Officer. Mr. Bauer will report to Pete Rodriquez, Exar's President and Chief Executive Officer and is responsible for finance, accounting, treasury, tax and investor relations functions. These actions are effective as of today.

Exar Corporation delivers highly differentiated silicon, software and subsystem solutions for industrial, datacom and storage applications. [SM]

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