MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a supplier of semiconductor solutions, today announced the appointment of Stephen G. Daly as President and Chief Executive Officer, effective immediately. Mr. Daly succeeds John Croteau, who resigned on May 15, 2019. Mr. Croteau had served as President and Chief Executive Officer since December 2012. Mr. Croteau will be available to MACOM in an advisory capacity for the next two months to ensure a smooth transition.
Mr. Daly has served on MACOM’s Board of Directors since March 2015 and has over 25 years of experience in the semiconductor industry. Prior to joining MACOM’s Board of Directors, Mr. Daly had served for almost ten years as Chairman, President and Chief Executive Officer of Hittite Microwave Corporation (“Hittite”), a provider of analog and mixed signal integrated circuits, modules and subsystems for commercial and military radio frequency, microwave and millimeterwave applications. Mr. Daly’s 17-year career at Hittite included leading Hittite’s initial public offering in July 2005 and establishing Hittite as an innovative designer of high-performance semiconductor products that generated industry leading profitability.
“We thank John for his leadership for the past six and a half years and his commitment to MACOM’s customers, employees and investors,” said John Ocampo, Chairman of the Board of Directors. “On behalf of our board of directors and employees, I congratulate Steve on his appointment. We are confident that Steve will be successful in advancing our strategies, which we believe will enable MACOM to reach its full potential.”
“I am excited to accept the role of leading MACOM,” said Mr. Daly. “I look forward to meeting our worldwide employees, partners, customers, suppliers and shareholders in the days and weeks ahead.”