Microchip Technology (MCHP) Announces Changes to Its Board of Directors

March 2, 2021 8:38 AM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Microchip Technology Incorporated, (NASDAQ: MCHP) a leading provider of smart, connected and secure embedded control solutions, today announced that Karlton Johnson, currently the Chief Executive Officer of DeLaine Strategy Group LLC, will join the Board of Directors of Microchip effective April 1, 2021.

Commenting on Karlton Johnson’s appointment to the Board, Microchip’s Executive Chair, Steve Sanghi, said, “Karlton brings a valuable and unique background to Microchip with his many years of defense expertise, space development, cybersecurity knowledge, risk management, international business experience and organization excellence. Karlton has an impeccable track record of public service including 26 years in the Air Force as well as serving on multiple non-profit and advisory boards. We very much welcome Karlton to our Board and look forward to benefiting from his contributions.”

Karlton Johnson commented, “Microchip has an outstanding record of growth and profitability. The track record of financial success in the semiconductor industry combined with a winning company culture is what attracted me to Microchip. I am excited to be joining the Board of Directors of Microchip and look forward to contributing to Microchip’s success.”

Microchip also announced that L.B. Day has decided to retire from the Microchip Board of Directors effective as of the August 2021 annual meeting of shareholders.

Commenting on Mr. Day’s planned retirement, Mr. Sanghi said, “It has been an absolute pleasure to have L.B. on Microchip’s Board since December of 1994. L.B. helped Microchip establish its strategic planning process and his contributions to the Board and Microchip’s success will be missed. L.B. will always be part of the Microchip family.”

L.B. Day said, “It has been my pleasure to be a member of the Microchip Board of Directors for over 25 years. The success Microchip has achieved has been remarkable and I know that Microchip will continue to thrive in the future.”



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Board Changes, Corporate News

Related Entities

Definitive Agreement