Avago Technologies Appoints Hock E. Tan as President and CEO

Avago Technologies, the world’s largest privately held semiconductor company, today announced the appointment of Hock E. Tan as its president and chief executive officer. Tan will also join the board of directors. He succeeds Dick Chang, who has been named chairman of Avago’s board of directors.

Tan has more than 25 years of senior management experience, most notably at Integrated Circuit Systems, Inc. (ICS). In his six-year tenure as president and CEO, ICS became a global leader in silicon timing devices, more than tripling earnings. Under his leadership, Tan also played a critical role in managing the successful merger of ICS with IDT (Integrated Device Technology, Inc.) last year. He currently serves as chairman of the board of IDT.

“Hock is an excellent choice to drive growth through strong tactical and strategic execution, and to lead Avago following its successful transition to a fully stand alone company,” said Chang. “In addition to running ICS, he has broad global operations experience, and deep knowledge of the semiconductor industry. We are counting on him to lead this company in its next stage of growth.”

“I am pleased to join such a well-positioned company,” said Tan. “Avago has the right combination of innovative products, talented people, and customer relationships to drive revenue expansion in its core markets. I look forward to being part of that growth.”

Prior to ICS, Tan was vice president of finance of Commodore International, Ltd., and has held senior management positions with PepsiCo, Inc. and General Motors. Outside the U.S., he had co-founded Pacven Investment, Ltd., in Singapore, and served as managing director for Hume Industries Ltd., in Malaysia.

Tan received his MBA from Harvard Business School, and his master’s and bachelor’s degrees in mechanical engineering from the Massachusetts Institute of Technology.