SOURCE: Supertex

October 24, 2006 14:57 ET

Supertex Appoints Phil Kagel VP of Finance and CFO

SUNNYVALE, CA -- (MARKET WIRE) -- October 24, 2006 --Supertex (NASDAQ: SUPX), a recognized leader in high voltage analog and mixed signal integrated circuits, today announced the appointment of Phillip A. Kagel to the position Vice President of Finance and Chief Financial Officer, responsible for all financial and investor relations activities. Mr. Kagel has been consulting for Supertex for the past 18 months on financial matters, devoting full-time efforts to Supertex for the past approximate 6 months.

Mr. Kagel joins Supertex with thirty years experience in financial management, business strategy, mergers and acquisitions and financial controls for both start-up and large global organizations. He has held senior financial positions in the semiconductor, electronic manufacturing services, disk storage and flat panel display industries. Mr. Kagel was Chief Financial Officer at Ultra Clean Holdings, Inc. and Sipex Corporation, both of which are publicly traded, and at Akashic Memories Corporation, a privately held corporation. He also was Vice President & Corporate Controller and Vice President, Global Tax, at Solectron Corporation. Mr. Kagel holds a Master's degree in Business Administration from the University of Missouri and a Bachelor's degree in Mathematics from Brigham Young University. He is also a Certified Management Accountant (CMA).

"Phil's hiring fulfils our promise to our investors that, when we completed a quarter with a sales run-rate of $100 million per year, we would recruit a CFO. We are extremely pleased that Phil has joined our executive team. We have gotten to know Phil well over the past 18 months while he has been consulting for us, so his hiring will bring continuity to the CFO position. He brings extensive experience in growing companies organically and through acquisitions, working closely with the investor community, and public company reporting and financial controls," stated Dr. Henry C. Pao, President and CEO. "As we position the company for the next stage of growth, Phil will play a critical role in strategy development and execution."

About Supertex

Supertex, Inc. is a publicly held mixed signal semiconductor manufacturer, focused in high voltage products for use in the telecommunications, networking systems, flat panel display, medical and industrial electronics industries. Supertex product, corporate and financial information is readily available at www.supertex.com.

Contact Information

  • Corporate Headquarters:
    Dr. Henry C. Pao
    President & CEO
    408-222-8888