|Volterra Appoints Equinix CEO Stephen Smith to Its Board of Directors
FREMONT, Calif., Jan. 23, 2012 (GLOBE NEWSWIRE) -- Volterra
Semiconductor Corporation (Nasdaq:VLTR), a leading provider of
high-performance analog and mixed-signal power management
semiconductors, today announced that Stephen M. Smith has been
appointed to its Board of Directors and its Audit Committee, effective
January 20, 2012.
Mr. Smith currently serves as Chief Executive Officer and President of
Equinix, Inc., a provider of global data center services. He has served
in that capacity since joining Equinix in 2007 from Hewlett-Packard Co.
At HP, Mr. Smith served as Senior Vice President of HP Services, where
he was responsible for management of the organization's Consulting and
Integration, Managed Services, and Technology Deployment and Support
business groups. Prior to joining HP, Mr. Smith served as Vice
President of Global Professional and Managed Services at Lucent
Technologies. He also held various management and sales positions
during his 16 years with Electronic Data Systems Corporation, and had a
successful eight-year career in the U.S. Army. Mr. Smith graduated from
the U.S. Military Academy at West Point and holds a B.S. in
"We are pleased to add a senior executive with Stephen's credentials to
our Board," said Jeff Staszak, Volterra's President and Chief Executive
Officer. "His leadership experience and his knowledge of the IT
infrastructure and services markets will help Volterra continue to
successfully execute our strategy in the server and storage markets,
where Volterra is the leading power management provider."
The Company also announced the resignation of Mel Friedman from the
Board of the Company and its Audit and Nominating and Corporate
Governance Committees, effective January 20, 2012. Mr. Friedman has
served as a member of the Company's Board since May 2004.
"We would like to extend our deepest thanks to Mr. Friedman, for his
valuable service to Volterra over the last seven years," continued Mr.
Staszak. "His contributions during his tenure have helped us maintain
our continued growth over the past several years, while also helping to
lay the strategic foundation for the future of our business."
About Volterra Semiconductor Corporation
Volterra Semiconductor Corporation, headquartered in Fremont, CA,
designs, develops, and markets leading edge silicon solutions for
low-voltage power delivery. The Company's product portfolio is focused
on advanced switching regulators for the computer, datacom, storage,
and portable markets. Volterra operates as a fabless semiconductor
company utilizing world-class foundries for silicon supply. The company
is focused on creating products with high intellectual property content
that match specific customer needs. For more information, please visit
CONTACT: For investor information contact:
Heidi Flannery, Investor Relations
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