FREMONT, CA--(Marketwired - September 16, 2016) - Sigma Designs, Inc.® (NASDAQ: SIGM), a leading provider of Smart TV platforms and IoT devices, announced that they have promoted Sal Cobar to the position of Chief Operating Officer (COO) of the Company.
Sigma has two primary businesses -- Connected Smart TV platforms and IoT Devices -- with a wealth of dynamic opportunities requiring constant alignment of strategies and execution. Mr. Cobar's new role as COO will focus on managing day-to-day Company operations to achieve target operating goals, help grow revenue, and increase profitability. Specifically, Mr. Cobar's responsibilities will include driving execution of company strategies, ensuring on-time product deliveries, and improving productivity across each of the business segments.
"Sal has been a dynamic force at Sigma, helping to shape our direction, grow our top-line, and ensure customer satisfaction," said Thinh Tran, president and CEO of Sigma Designs, Inc. "This promotion reflects our initiative to continue to deliver strong profitable growth and our confidence in Sal's ability to take over the full range of day-to-day executive responsibilities, enabling me to focus on strategic direction, technological innovation, and executive relationships."
Prior to this promotion, Mr. Cobar was serving as the Company's Senior Vice President, Chief Marketing and Sales Officer. Prior to Sigma Designs, Mr. Cobar spent over 30 years in various executive and management positions at Silicon Image, Sun Microsystems, and Xerox. Mr. Cobar received a bachelor's degree in Systems Engineering from San Jose State University and a master's degree in business administration from Golden Gate University.
About Sigma Designs
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading Connected Smart TV platforms and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Sigma Designs and the Sigma Designs logo are registered trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be the trademarks of their respective owners.
For more information about Sigma Designs, visit www.sigmadesigns.com.
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about our initiatives to grow top-line revenue and increase profitability as well as our confidence in Sal Cobar's ability to successfully carry out the full range of executive responsibilities as Chief Operating Officer. Actual results may differ materially from expectations discussed in this press release due to a number of factors including but not limited to, risks related to our ability to recognize revenue from design-wins, general economic conditions, the rate of growth of each of our business segments, , our ability to deploy and achieve market acceptance for our products, and other risks detailed from time to time in our filings with the Securities and Exchange Commission. In particular, see our most recent quarterly report filed with the Securities and Exchange Commission, a copy of which is available on the SEC website at www.sec.gov and on our website at www.sigmadesigns.com. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release or otherwise disclose any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.