IDT Appoints Plantronics CEO Kannappan to Board of Directors
New Director Brings Proven Leadership to the Semiconductor Company Board
SAN JOSE, Calif., Jan. 30, 2015— Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI) today announced that Ken Kannappan, president, CEO and board member at Plantronics, has been appointed to the company’s Board of Directors, effective Jan. 27, 2015. Additionally, Kannappan has been named to the Compensation Committee and will serve as chairman of the Nominating and Governance Committee.
“Ken joins the IDT board with a strong track record of successful leadership, both at Plantronics and in the financial sector,” said IDT Board Chairman John Schofield. “As the CEO in the fast-moving consumer space, Ken brings a fresh and welcomed perspective to IDT’s semiconductor business. His proven business acumen and his board experience, including prior experience at IDT, make him a valuable addition to the board.”
“I’m thrilled to re-join IDT’s Board and look forward to serving with the other board members to support IDT’s executive team,” Kannappan said. “IDT has a robust product line matched by strong financial results, as well as a solid strategy for strengthening each even further, so this is an exciting time to join the team.”
Kannappan joined Plantronics in February 1995 as vice president of sales, responsible for OEM sales and the Asia Pacific/Latin America markets. After a series of promotions, he was appointed in March 1998 to president and chief operating officer then, less than a year later, to CEO, as well as elected to the Board of Directors. Prior to joining Plantronics, Kannappan was senior vice president of investment banking for Kidder, Peabody & Co. Incorporated, where he was employed from August 1985 through January 1995. He has a Bachelor of Arts degree in Economics from Yale University and a Master’s of Business Administration from Stanford University.
Kannappan also serves as director of Mattson Technology, Inc., a supplier of advanced process equipment for the semiconductor industry, and served on the IDT board, including in the role of chairman, from 2000 to 2008.
Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. IDT uses its market leadership in timing, serial switching and interfaces, and adds analog and system expertise to provide complete application-optimized, mixed-signal solutions for the communications, computing and consumer segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT is accessible at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, YouTube and Google+.
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