NORWOOD, Mass. -- (Business Wire)
Analog
Devices, Inc. (NASDAQ: ADI)
today announced that Prashanth Mahendra-Rajah will join the Company on
September 28, 2017 as Senior Vice President, Finance and Chief Financial
Officer. Reporting to CEO Vincent Roche, Mr. Mahendra-Rajah will oversee
ADI’s global finance organization, with responsibility for financial
management, reporting, controls, planning, and strategy. Mr.
Mahendra-Rajah currently serves as Chief Financial Officer of WABCO
Holdings Inc., a $3B global supplier of commercial vehicle technologies,
a position he has held since June 2014. Prior to his appointment at
WABCO, he served as Corporate Vice President and Segment CFO for the
Silicon Systems Group, a $6B division of Applied Materials, Inc.
Previously, Mr. Mahendra-Rajah held global finance and operational
positions at Visa and United Technologies. He holds a B.S. in Chemical
Engineering from the University of Michigan, a M.S. in Engineering from
Johns Hopkins University, and an M.B.A. from Purdue University, Krannert
School of Management.
Eileen Wynne will continue serving as Analog Devices’ interim Chief
Financial Officer and Vice President and Chief Accounting Officer until
Mr. Mahendra-Rajah’s first date of employment, after which she will
continue to serve as the Company’s Vice President and Chief Accounting
Officer.
“We are very excited that Prashanth is joining our team,” said Vincent
Roche, President and CEO of Analog Devices. “His proven ability to
facilitate profitable business growth through smart financial strategy
and disciplined financial operations maps well to both ADI’s culture and
business priorities. I am confident Prashanth will have a rapid and
positive impact on ADI's performance and results and be a critical
partner in the ongoing development of our operational and product
strategies.”
Mr. Roche continued, “I want to thank Eileen Wynne for her financial
leadership and commitment to our organization during our search for a
new CFO. I look forward to her continued counsel and support.”
About Analog Devices
Analog Devices (NASDAQ: ADI) is the
leading global high-performance analog technology company dedicated to
solving the toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the physical and
digital with unmatched technologies that sense, measure, power, connect
and interpret. Visit http://www.analog.com.
This release contains forward-looking statements intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include,
among other things, our statements regarding the expected benefits and
timing of the joining of the Company’s new Chief Financial Officer. The
statements contained in this release are not guarantees of future
performance, are inherently uncertain, involve certain risks,
uncertainties, and assumptions that are difficult to predict. Therefore,
actual outcomes and results may differ materially from what is expressed
in such forward-looking statements, and such statements should not be
relied upon as representing Analog Devices' expectations or beliefs as
of any date subsequent to the date of this press release. Important
factors that could cause actual results to differ materially from the
results described, implied or projected in any forward-looking
statements include any faltering in global economic conditions or the
stability of credit and financial markets, erosion of consumer
confidence and declines in customer spending, unavailability of raw
materials, services, supplies or manufacturing capacity, changes in
geographic, product or customer mix, higher than expected or unexpected
costs associated with or relating to the acquisition of Linear
Technology and the integration of the businesses; the risk that expected
benefits, synergies and growth prospects of the acquisition may not be
fully achieved in a timely manner, or at all; the risk that Linear
Technology’s business may not be successfully integrated with Analog
Devices’; the risk that we will be unable to retain and hire key
personnel; the risk that disruption resulting from the acquisition may
adversely affect our business and relationships with our customers,
suppliers or employees; and other risk factors described in our most
recent filings with the Securities and Exchange Commission. We do not
undertake any obligation to update forward-looking statements made by us.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170816005984/en/
Contacts:
Analog Devices, Inc.
Karen Marinella Hall, 781-461-3549
Manager,
External Communications
Karen.MarinellaHall@analog.com
or
Ali
Husain, 781-461-3282
Treasurer & Director of Investor Relations
investor.relations@analog.com
or
FleishmanHillard
Amy
Thompson, 617-692-0508
amy.thompson@fleishman.com
Source: Analog Devices, Inc.
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