SUNNYVALE CA--(Marketwire - December 8, 2010) - eSilicon Corporation, the largest independent semiconductor Value Chain Producer (VCP), today announced it has hired Warren Ligan as chief financial officer. Most recently, Ligan served as senior vice president, treasury and investor relations for Flextronics International Ltd., a leading electronics manufacturing services (EMS) provider with sales in excess of $24 billion. Jim Lindstrom will assume the new role of vice president of business integration and information services.
Ligan brings more than 30 years' experience in financial and investor relations management, including the past three years at Flextronics. Prior to the merger with Flextronics, Ligan served as senior vice president and corporate controller and chief accounting officer with Solectron. He was instrumental in the Flextronics-Solectron merger, leading the integration of Solectron's finance functions into the new organization. He was also responsible for managing a $1.4 billion deleveraging during challenging times, helping to improve the company's credit rating with Moody's and S&P. Ligan has held executive financial positions with large, publicly traded companies including Chiquita Brands International, Inc. where he served as CFO; G.D. Searle & Co. and Monsanto Company where he held a position as director of finance and international taxes; and The Upjohn Company as an international tax counsel and manager, federal compliance. Ligan received a Masters of Law from DePaul University, a Juris Doctor from the Detroit College of Law and his BBA from Walsh College.
"We are pleased to welcome Warren to our management team. He has established a solid reputation among the financial community and brings a broad base of financial and global experience to eSilicon," said Jack Harding, eSilicon chairman, president and CEO. "Serving as vice president for EMS leaders Flextronics and Solectron provides him with a deep understanding of our business strategy as the leading Value Chain Producer. We look forward to his guidance as we take the next steps towards our ongoing financial success."
"Warren will inherit and build upon the solid financial infrastructure that Jim Lindstrom created over the past five years as he led the company's worldwide finance function," said Harding. "He played a key role in eSilicon's recent acquisition of Silicon Design Solutions (SDS) and in his new role has taken on the critical function of leading business integration and information services."
"Over the past ten years I've been fortunate to have served with Flextronics and Solectron, two of the largest EMS companies worldwide, and I look forward to applying this closely related experience to eSilicon," said Warren Ligan. "The company is executing on solid, sustainable organic growth in addition to acquisitions which leverage our overall growth plan. I look forward to joining the eSilicon management team as we create a strong, global financial infrastructure that will guide the company through the next stages of their business lifecycle."
About Value Chain Producer
A Value Chain Producer (VCP) is a company that collaborates with foundries, IP and service providers, EDA suppliers, package, assembly and test operations in designing and producing chips for fabless IC, integrated device manufacturing, (IDM) and original equipment manufacturing (OEM) companies. VCPs optimize the economics of customer value chains and enable customers to focus on their product differentiation and market growth. A VCP earns revenue by shipping packaged, tested products with the customer's logo. The term was created by eSilicon and was adopted by the Global Semiconductor Alliance (GSA) as a new category in October 2009.
About eSilicon
eSilicon, the largest independent semiconductor Value Chain Producer (VCP), provides a comprehensive suite of design, productization and manufacturing services, enabling a flexible, low-cost, lower-risk path to volume chip production. The company delivers application-specific integrated circuits (ASICs) to system original equipment manufacturers (OEMs) and fabless semiconductor companies who serve a wide variety of markets, including the consumer, computer, communications and industrial segments. For more information, please visit www.esilicon.com.
eSilicon - Enabling Your Silicon Success™
eSilicon is a registered trademark, and the eSilicon logo and Enabling Your Silicon Success are trademarks, of eSilicon Corporation. Other trademarks are the property of their respective owners.
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Susan Cain
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