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8-K - FORM 8-K - SYNAPTICS Inc | c23040e8vk.htm |
EX-10.27 - EXHIBIT 10.27 - SYNAPTICS Inc | c23040exv10w27.htm |
Exhibit 99.1
Synaptics Appoints Rick Bergman President and CEO
Former AMD executive brings deep industry expertise and strong track record of performance
Santa Clara, CA September 28, 2011 Synaptics (NASDAQ: SYNA), a leading developer of human
interface solutions for mobile computing, communications and entertainment devices, announced that
the Board of Directors has concluded its search process and has appointed Rick Bergman, 47, as
president and chief executive officer, effective immediately. Mr. Bergman succeeds Russ Knittel,
who has served as interim president and CEO since October 2010. Mr. Bergman has also been appointed
to the Companys board of directors.
A former executive of Advanced Micro Devices Inc. (AMD), Mr. Bergman most recently served as senior
vice president and general manager of the companys products group, responsible for delivering
AMDs computing platforms and managing the graphics and microprocessor product development teams.
Rick is a visionary leader with a proven track record of driving performance to a higher level,
said Francis Lee, Chairman of Synaptics Board of Directors. He is an ideal fit to help Synaptics
further capitalize on the rapid growth of capacitive touch technology within an expanding range of
markets. As senior vice president and general manager of AMDs products group, he helped generate
consistent profitability across multiple business divisions while creating new strategies to
improve and accelerate product delivery and product roadmap creation. With the addition of Ricks
deep industry expertise and extensive product focus, Synaptics is very well-positioned to continue
its culture of innovation and technological leadership.
Mr. Bergman was previously AMDs senior vice president and general manager, Graphics Product Group
(GPG), from October 2006 to May 2009. During that time, the business regained top market share by
leading the industry in execution and time to market. Mr. Bergman joined AMD through the
acquisition of ATI Technologies in October 2006, where he served in roles as senior vice president
and general manager of the PC group and of the desktop business unit. He joined ATI in January 2001
from S3 Inc., where he was chief operating officer. Over the past 15 years, he has served in a
number of marketing and management roles within the technology industry, including vice president
of marketing at Exponential Inc. and marketing manager at Texas Instruments, Inc. Mr. Bergman began
his engineering career at IBM Corp.
Im extremely excited to join Synaptics at this juncture of the companys development. Synaptics
is at the forefront of the industry as the innovator in its markets and is poised to benefit from a
refreshed and expanded product portfolio, including the most advanced next generation touch
solutions available today, stated Mr. Bergman. I have always been impressed by Synaptics track
record of financial performance and am drawn to the tremendous talent and engineering depth across
the organization. I am energized by the chance to further harness the Companys potential to
capture the growing opportunities in
front of it and to build on Synaptics longstanding commitment to driving shareholder value.
Mr. Knittel will retire as an employee of Synaptics following a short transition period and will
continue to serve as a member of the board of directors.
On behalf of my fellow directors, I would like to thank Russ for serving as interim CEO and for
his assistance during the transition process, added Mr. Lee. Synaptics has made important
progress under his leadership, including retooling and broadening the companys product portfolio
and navigating through a product mix transition in the mobile touchscreen business. We look forward
to Russ continued contributions on the Board.
About Synaptics Incorporated
Synaptics (NASDAQ: SYNA) is a leading developer of human interface solutions for the mobile
computing, communications, and entertainment industries. The company creates interface solutions
for a variety of devices including notebook PCs, PC peripherals, tablets, and mobile phones. The
TouchPad, Synaptics flagship product, is integrated into a majority of todays notebook
computers. Consumer electronics and computing manufacturers use Synaptics solutions to enrich the
interaction between humans and intelligent devices through improved usability, functionality, and
industrial design. The company is headquartered in Santa Clara, California. www.synaptics.com
Forward-Looking Statements
This press release contains forward-looking statements about Synaptics, as that term is defined
under the federal securities laws. Synaptics intends such forward-looking statements to be subject
to the safe harbor created by those laws. Such forward-looking statements include, but are not
limited to, statements regarding the companys ability to further capitalize on the rapid growth of
capacitive touch technology within an expanding range of markets; the companys belief that it is
well-positioned to continue its culture of innovation and technological leadership; the belief that
Synaptics is at the forefront of the industry as the innovator in its markets and is poised to
benefit from a refreshed and expanded product portfolio, including the most advanced next
generation solutions available; and the companys ability to capture growing opportunities.
Synaptics cautions that these statements are qualified by important factors that could cause actual
results to differ materially from those reflected by the forward-looking statements contained
herein. Such factors include, but are not limited to, (a) demand for Synaptics products, (b)
market demand for OEMs products using Synaptics solutions, (c) changing market demand trends in
the markets Synaptics serves, (d) the success of Synaptics customers products that utilize
Synaptics product solutions, (e) the development and launch cycles of Synaptics customers
products, (f) market pressures on selling prices, (g) changes in product mix, (h) the market
acceptance of Synaptics product solutions compared with competitors solutions, (i) general
economic conditions, including consumer confidence and demand, and (j) other risks as identified
from time to time in Synaptics SEC reports, including Quarterly Reports on Form 10-Q and the
Annual Report on Form 10-K for the fiscal year ended June 30, 2011. All forward-looking statements
are based on information available to Synaptics on the date hereof, and Synaptics assumes no
obligation to update such statements.
###
For more information:
Investor Contact:
Jennifer Jarman
The Blueshirt Group
415-217-5866
jennifer@blueshirtgroup.com
Jennifer Jarman
The Blueshirt Group
415-217-5866
jennifer@blueshirtgroup.com
Media Contact:
Kim Dion
Edelman
650-762-2927
Kim.Dion@edelman.com
Kim Dion
Edelman
650-762-2927
Kim.Dion@edelman.com