RFMD Announces Retirement Of Co-Founder Jerry D. Neal From The Company
Greensboro, N.C. (GLOBE NEWSWIRE) - RF Micro Devices, Inc. (Nasdaq:RFMD) announced today that Jerry Neal, co-founder and executive vice president of marketing, is retiring from RFMD, effective May 31, 2012.
Jerry Neal has had a distinguished career in the communications technology industry, including the co-founding of RFMD and his role in the subsequent growth of RFMD. As a co-founder of RFMD, Mr. Neal was responsible for securing the Company's initial venture capital investment, as well as multiple licensing deals, branding, and mergers and acquisitions. Mr. Neal was also primarily responsible for many of the Company's corporate relationships, including TRW (now Northrop Grumman), Nokia, IBM, TowerJazz, and others.
Reflecting on his twenty-one year career at RFMD, Mr. Neal commented, "RFMD is both a pioneer and a global leader in communications technologies, and it is an honor to have played a major role in starting and building the Company. With my retirement from RFMD, I look forward to pursuing other passions in my life including entrepreneurial, advisory, and charitable endeavors. I sincerely wish the greatest success to my many friends and colleagues at RFMD."
Bob Bruggeworth, president and chief executive officer of RFMD, said, "RFMD has benefited tremendously from Jerry Neal's contributions and expertise. I personally have enjoyed working with Jerry and have valued his counsel and the strategic relationships he has built in the industry. All of RFMD wishes Jerry Neal much success as he focuses his time and energy on other ventures."
Jerry Neal is active in business, education, and charitable organizations and has served on the Boards of Directors of several semiconductor companies. He currently serves on the ALSAC Leadership Council at St. Jude Children's Research Hospital, the Board of Directors of Victory Junction Gang Camp and the Board of Directors of Richard Petty Motorsports. Mr. Neal has also served on the Board of Visitors at the Babcock Graduate School of Management at Wake Forest University and regularly speaks to civic organizations and universities on a variety of business and inspirational topics. Mr. Neal recently developed Linbrook Heritage Estate, an agri-tourism business with numerous attractions and serves on the Randolph County (North Carolina) Tourism Development Authority Board of Directors.
RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
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