GigaMedia Limited (GIGM) Names John Stringer Chief Executive Officer
GIGM Hot Sheet
Revenue Growth %: -19.1%
GigaMedia Limited (NASDAQ: GIGM) ("GigaMedia") announced today that its board of directors has elected John Stringer as its new chief executive officer upon the departure of Yichin Lee, who has resigned as an officer and a director to return to his own professional services business. Mr. Stringer is a veteran technology executive with 25 years of senior leadership experience and an exceptional track record of driving strong growth and profitability in top global companies.
Mr. Stringer led Taiwan-based Wyse Technology from 1998 to 2006 in different key roles, including president, chief executive officer and chairman. During that period, he headed its US$1.2 billion IPO in Taiwan, repositioned the business and established the company as a world-leading computer firm, driving revenues from US$5 million to US$200 million and capturing 45 percent global market share. Prior to turning around Wyse, Mr. Stringer served as executive vice president and general manager of Network Associates, Inc. -- now McAfee, Inc., the world leader in network security and services known for its McAfee anti-virus suite -- and senior vice president of Network General Corporation. During his tenure, he spearheaded post-merger integration and drove combined annual revenues to over US$600 million.
Mr. Stringer was also recently president of the board of ACG Silicon Valley, a forum designed to build valuable business relationships among senior level technology industry executives who are involved in mergers and acquisitions, corporate growth and corporate development. He is currently chairman of the board of Instant Mobile Solutions, Inc., a mobile services platform.
Mr. Stringer's appointment as CEO and a director is effective immediately; he is now in position at GigaMedia's Taipei headquarters meeting with employees and partners
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Mr. Stringer led Taiwan-based Wyse Technology from 1998 to 2006 in different key roles, including president, chief executive officer and chairman. During that period, he headed its US$1.2 billion IPO in Taiwan, repositioned the business and established the company as a world-leading computer firm, driving revenues from US$5 million to US$200 million and capturing 45 percent global market share. Prior to turning around Wyse, Mr. Stringer served as executive vice president and general manager of Network Associates, Inc. -- now McAfee, Inc., the world leader in network security and services known for its McAfee anti-virus suite -- and senior vice president of Network General Corporation. During his tenure, he spearheaded post-merger integration and drove combined annual revenues to over US$600 million.
Mr. Stringer was also recently president of the board of ACG Silicon Valley, a forum designed to build valuable business relationships among senior level technology industry executives who are involved in mergers and acquisitions, corporate growth and corporate development. He is currently chairman of the board of Instant Mobile Solutions, Inc., a mobile services platform.
Mr. Stringer's appointment as CEO and a director is effective immediately; he is now in position at GigaMedia's Taipei headquarters meeting with employees and partners
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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