Abhi Talwalkar Named LSI Logic President and CEO
LSI Logic Founder Wilfred J. Corrigan to Serve as Non-Executive Chairman
MILPITAS, Calif., May 23, 2005 – LSI Logic Corporation (NYSE: LSI) today announced that its Board of Directors has unanimously appointed Abhi Y. Talwalkar as the company’s president and chief executive officer.
Talwalkar, 41, succeeds Wilfred J. Corrigan, LSI Logic’s founder, to become the company’s president and chief executive officer. He has been elected to the LSI Logic Board of Directors.
Talwalkar joins LSI Logic from Intel Corporation, where he served as vice president and co-general manager of Intel’s Digital Enterprise Group, which is comprised of Intel’s Business Client, Server, Storage and Communications businesses.
“Abhi is a recognized business leader and technologist, whose vision and two decades of engineering and management experience will be a great asset to LSI Logic,” said Corrigan. “The Board of Directors and I are very pleased to have attracted an executive of Abhi’s caliber and reputation. Abhi brings a keen understanding of the global semiconductor industry, as well as the right combination of strategic insight and operational discipline to LSI Logic.”
“I am excited to be joining LSI Logic and look forward to working closely with the company’s dedicated employees to further strengthen the company’s competitive position,” said Talwalkar. “LSI Logic is a demonstrated technology leader in Storage Components, Storage Systems, Consumer and Communications. I am confident that we can drive change in the global logic market and create value for LSI Logic stockholders.”
“Under Wilf’s direction, LSI Logic has grown from a start-up with only $6 million in venture capital to generating revenues approaching $2 billion annually,” said Jim Keyes, LSI Logic board member and lead director. “The Board of Directors wishes to thank Wilf for his dedication and leadership during the past 25 years. Abhi’s appointment as president and chief executive officer comes as part of the company’s orderly succession plan. Wilf will become the non-executive chairman of the LSI Logic Board of Directors.”
Talwalkar has more than 20 years of management and engineering experience in the semiconductor industry, including positions in research, product development and marketing.
Talwalkar spent the last 12 years holding positions of increasing responsibility at Intel Corporation. Prior to his role as vice president and co-general manager of Intel’s Digital Enterprise Group, Talwalkar served as the vice president and general manager for Intel’s Enterprise Platform Group. In this position, he focused on developing, marketing and supporting Intel’s business strategies for enterprise computing.
Prior to joining Intel, Talwalkar held senior engineering and marketing management positions at Sequent Computer Systems (now part of IBM), Bipolar Integrated Technology Incorporated and Lattice Semiconductor Inc. Talwalkar received his bachelor’s degree in electrical engineering from Oregon State University.
