HAUPPAUGE, N.Y.--(BUSINESS WIRE)--SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced the appointment of Jeff VerHeul, previously Corporate Vice President of Platform Solutions Engineering at Advanced Micro Devices, as SMSC’s Senior Vice President of Engineering. Jeff will report to Christine King, President & Chief Executive Officer, and will be based in SMSC’s Austin, TX office. Mr. VerHeul will be responsible for leading all engineering capabilities, defining our technology road maps and driving a highly efficient global engineering organization.
“As a company, we have elevated our leadership in Sales, Operations and Finance over the past two years,” said Christine King. “Jeff’s appointment completes the picture of an outstanding senior leadership team covering all major functions at SMSC. I am confident that Jeff will bring SMSC to the next level of engineering execution and innovation.”
Mr. VerHeul, an engineering veteran, has broad technical leadership skills, along with a wealth of experience in leading and managing large complex design activities at both the silicon and system level. He comes to SMSC from AMD, where he successfully directed the worldwide development of AMD’s 45nm CPUs, and more recently, AMD’s 40nm and 32nm industry leading Fusion APUs. Mr. VerHeul also spent 25 years with IBM in various executive positions and led the creation and profitable growth of IBM's Engineering and Technology Services business. He holds a BS in Electrical Engineering from Iowa State University and a MS in Management of Technology from the Sloan School at MIT.
About SMSC
SMSC is a leading developer of Smart Mixed-Signal Connectivity™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, portable consumer devices and other applications. SMSC’s feature-rich products drive a number of industry standards and include USB, MOST® automotive networking, Kleer® wireless audio, embedded system control and analog solutions, including thermal management and RightTouch™ capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com.
Forward Looking Statements
Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand.
Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. All forward-looking statements speak only as of the date hereof and are based upon the information available to SMSC at this time. Such statements are subject to change, and the Company does not undertake to update such statements, except to the extent required under applicable law and regulation. These and other risks and uncertainties, including potential liability resulting from pending or future litigation, are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled “Other Factors That May Affect Future Operating Results” or “Risk Factors” for a more complete discussion of these and other risks and uncertainties.
SMSC, MOST, Kleer and RightTouch are registered trademarks and Smart Mixed-Signal Connectivity and TrueAuto are trademarks of Standard Microsystems Corporation.