– USA, CA – Alpha and Omega Semiconductor Limited (AOS) (Nasdaq:AOSL), a designer, developer and global supplier of a broad range of power semiconductors and power ICs, today announced the resignations of Howard M. Bailey and Thomas W. Steipp as directors of AOS and the appointment of Michael L. Pfeiffer as a member of Board of Directors and Chairman of the Audit Committee effective immediately.
“Mr. Pfeiffer’s track record and deep knowledge in finance, accounting and business management, as well as extensive experience in working with technology companies, will bring valuable leadership and expertise to our Board of Directors,” said Dr. Mike Chang, Chief Executive Officer and Chairman of the Board.
Mr. Pfeiffer has served as a board member and chairman of the audit committee of two semiconductor companies: Integrated Memory Logic, Ltd., and BCD Semiconductor Manufacturing Limited. Mr. Pfeiffer is a certified public accountant in California and Oregon with over 30 years in public accounting, the last 18 years of which were as an audit partner in the Silicon Valley Office of PricewaterhouseCoopers.
“With the appointment of Mr. Pfeiffer, and with the election by shareholders at the 2013 annual meeting of two new independent directors, Messrs. Robert Chen and Mike Salameh, we believe we have the right mix of talents and perspectives to guide the next steps of our turnaround,” continued Dr. Chang. “We are confident that our growth strategies are both realistic and achievable, and we are pleased that our continued diversification efforts, a key initiative for this year, are progressing well as planned.”
As Chairman of the Audit Committee, Mr. Pfeiffer will participate in the Company’s quarterly financial reporting process for the fiscal quarter ended December 31, 2013.
“On behalf of the entire company, we want to express our appreciation to Howard and Tom for their years of service on the Board,” said Dr. Chang.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer and global supplier of a broad range of power semiconductors, including a wide portfolio of Power MOSFET, IGBT and Power IC products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high performance power management solutions. AOS’s portfolio of products targets high-volume applications, including portable computers, flat panel TVs, LED lighting, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment.
For more information, please visit http://www.aosmd.com/.
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