SOURCE: Intersil

September 11, 2008 16:05 ET

Intersil Announces Product Line Reorganization and Appointment of David Loftus as Senior Vice President of Worldwide Sales and Corporate Marketing

MILPITAS, CA--(Marketwire - September 11, 2008) - Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog solutions, today announced the completion of the company's internal reorganization with the consolidation of five product lines into two product groups -- Power Management and Analog Mixed Signal. In addition, the company announced the hiring of David Loftus as Intersil's Senior Vice President of Worldwide Sales and Corporate Marketing, effective September 10, 2008.

Under the reorganization, Peter Oaklander, the former Senior Vice President of Worldwide Sales, has transitioned to the role of Senior Vice President of the Power Management Group. The product lines now under Mr. Oaklander's leadership are Consumer; Computing; Industrial, Communications, Automotive; and Specialty. The Vice President/General Managers of Intersil's power businesses, Michael Althar, Davin Lee, and Paul Sferrazza, will report to Mr. Oaklander. Prior to his two-year role as Intersil's Senior Vice President of Worldwide Sales, Mr. Oaklander was in various leadership roles at Analog Devices.

Susan Hardman has been appointed Senior Vice President of the Analog Mixed Signal Group. Ms. Hardman has more than twenty years of experience in the semiconductor industry, previously serving as Intersil's Vice President and General Manager of the Analog Mixed Signal product lines. Prior to her role as Vice President and General Manager of Analog Mixed Signal, Ms. Hardman served as Vice President and General Manager of Intersil's Automotive and Specialty Products Group.

"The consolidation of our product lines will allow us to focus on the two main areas of high performance analog -- Power Management and Analog Mixed Signal," said Dave Bell, Intersil's President and Chief Executive Officer. "The new organization will allow Intersil to sustain exceptional growth well beyond $1 billion in annual revenues."

David Loftus joins Intersil and replaces Peter Oaklander as the Senior Vice President of Worldwide Sales and Corporate Marketing. Prior to joining Intersil, Mr. Loftus was employed at Xilinx, Inc. where he had more than twenty years of experience in various executive leadership positions, including the role of Vice President and General Manager of the General Products Division. Mr. Loftus also served as Vice President/Managing Director of Xilinx Asia Pacific. In this position, he was responsible for direct sales, field applications, distribution and regional marketing. Mr. Loftus holds a bachelor's degree in Electrical Engineering and a master's degree in Management from the Georgia Institute of Technology.

"I am thrilled to join a very talented team at Intersil. The company has achieved great success in the past few years, and I am excited to be able to contribute to Intersil's growth in the future," stated Mr. Loftus.

"We are very pleased to have David join Intersil's management team," said Mr. Bell. "David's strong leadership background, extensive technical expertise, and global sales experience make him uniquely qualified as our new Senior Vice President of Worldwide Sales and Corporate Marketing."

About Intersil

Intersil Corporation is a leader in the design and manufacture of high-performance analog semiconductors. The Company's products address some of the industry's fastest growing markets, such as, flat panel displays, cell phones, other handheld systems, and notebooks. Intersil's product families address power management functions and analog signal processing functions. Intersil products include ICs for battery management, hot-swap and hot-plug controllers, linear regulators, power sequencers, supervisory ICs, bridge drivers, PWM controllers, switching DC/DC regulators and power MOSFET drivers; optical storage laser diode drivers; DSL line drivers; video and high-performance operational amplifiers; data converters; interface ICs; analog switches and multiplexers; crosspoint switches; voice-over-IP devices; and ICs for military, space and radiation-hardened applications. For more information about Intersil or to find out how to become a member of our winning team, visit the Company's web site and career page at www.intersil.com.

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