Ahmad has been a valuable member of the Cypress executive team. Working with Dana and the rest of the management team in MID, he has created an extremely profitable and cash-flow-generating enterprise-even in the current economic environment, commented T.J. Rodgers, chief executive officer of Cypress. We are sorry to see Ahmad leave after 15 years with Cypress, but we take pride in what he has been able to accomplish and we wish him the best in his new career as CEO of MEMC Electronic Materials, Inc.
As vice president of the Synchronous SRAM business unit, Dana has been the driving force in propelling our SRAM business to where it is today, said Rodgers. His focus on our customers, solutions and advanced products make him the natural successor to manage MID. Dana will report directly to me and join the executive team.
I am excited to take over the management of MID as we continue to grow market share and introduce leading-edge new products, cementing our position as the market leader in SRAMs over the coming year, said Nazarian. I believe we have the right mix of products to be our customers’ No. 1 strategic supplier now and in the future, and I plan to take MID to the next level of profitable growth for years to come.
