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Silicon Labs Expands Senior Management Team to Drive Growth

2018-07-16 08:05 ET - News Release

-- Daniel Cooley Appointed Chief Strategy Officer --

-- Matt Johnson Joins Company as Senior VP and GM of IoT Products --

AUSTIN, Texas, July 16, 2018 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, announces two new executive appointments. Daniel Cooley has been named Senior Vice President and Chief Strategy Officer. In this new role, Mr. Cooley will focus on Silicon Labs' overall growth strategy, business development, new technologies and emerging markets. Matt Johnson, a semiconductor veteran with more than 15 years of industry experience, joins Silicon Labs as Senior Vice President and General Manager of IoT products. Both executives will report to Tyson Tuttle, CEO.

Mr. Cooley has led Silicon Labs' IoT business for the past four years. Under his leadership, the company built an industry-leading portfolio of secure connectivity solutions, with IoT revenue now exceeding a $100 million per quarter run rate. Mr. Cooley joined Silicon Labs in 2005 as a chip design engineer developing broadcast audio products and short-range wireless devices. Over the years, he has served in various senior management, engineering and product management roles at the company's Shenzhen, Singapore, Oslo and Austin sites. The new role leverages Mr. Cooley's proven talents in strategy and business development.

Mr. Johnson will lead Silicon Labs' IoT business including the development and market success of the company's broad portfolio of wireless products, microcontrollers, sensors, development tools and wireless software. Mr. Johnson has a track record of growing revenue and leading large global teams, and he brings a deep understanding of analog, MCU and embedded software businesses to Silicon Labs. Previously, he served as Senior Vice President and General Manager of automotive processing products and software development at NXP Semiconductors/Freescale, as well as SVP and General Manager of mobile solutions at Fairchild Semiconductor.

"With these executive appointments, we are expanding our ability to execute on large and growing market opportunities in the IoT," said Tyson Tuttle, CEO of Silicon Labs. "Together, these two talented leaders will help Silicon Labs scale the business to the next level and focus on future growth."

Silicon Labs
Silicon Labs (NASDAQ: SLAB) is a leading provider of silicon, software and solutions for a smarter, more connected world. Our award-winning technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. Our world-class engineering team creates products focused on performance, energy savings, connectivity and simplicity. www.silabs.com

Cautionary Language
This press release may contain forward-looking statements based on Silicon Labs' current expectations. The words "believe," "estimate," "expect," "intend," "anticipate," "plan," "project," "will" and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silicon Labs and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Please refer to Silicon Labs' filings with the SEC for a list of some of the potential risk factors. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Connect with Silicon Labs
Silicon Labs Investor Relations Contact: Jalene Hoover +1 (512) 428-1610, jalene.hoover@silabs.com 
Silicon Labs PR Contact: Dale Weisman +1 (512) 532-5871, dale.weisman@silabs.com

Follow Silicon Labs at http://news.silabs.com/, at http://blog.silabs.com/, on Twitter at http://twitter.com/siliconlabs, on LinkedIn at http://www.linkedin.com/company/siliconlabs and on Facebook at http://www.facebook.com/siliconlabs.

Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.



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