ANADIGICS, Inc. Announces the Appointment of Ron Michels as Chairman
WARREN, N.J., March 22, 2013
WARREN, N.J., March 22, 2013 /PRNewswire/ --ANADIGICS, Inc. (Nasdaq: ANAD),
announced President and Chief Executive Officer, Ron Michels has been
appointed Chairman of the Board of Directors effective March 20, 2013. In
conjunction with this appointment, the Company also announced the appointment
of Lew Solomon as Lead Independent Director of the Board of Directors.
(Logo: http://photos.prnewswire.com/prnh/20110601/MM12287LOGO )
Mr. Michels, 59, joined ANADIGICS in 1987 and has served as President and
Chief Executive Officer since March 2011. He was the Company's Executive Vice
President and Chief Technology Officer from 2009 to 2011, and was SVP/General
Manager of Broadband Products from 2005 to 2009. Prior to that, he served in
several other management and executive positions. Before joining ANADIGICS, he
held various engineering and management positions in Lockheed Electronics, New
Jersey Public Broadcasting, and K & M Broadcasting.
Mr. Michels earned his Bachelors degree in Electrical Engineering from the New
Jersey Institute of Technology. He holds several U.S. Patents, has authored a
number of publications in the area of RF communications and serves on the
Lehigh University Electrical & Computer Engineering Advisory Board.
Mr. Solomon has served as a Director of the Company since September 1994 and
as its Chairman from September 2009 to March 20, 2013, and previously, from
1985 to 1989. Mr. Solomon has been Chairman of SCC Company, a consulting firm
specializing in technology, since 1990 in addition to serving as the Chairman
of the Board of Harmonic Inc. Prior to founding SCC Company, Mr. Solomon was
an Executive Vice President with Alan Patricof Associates from 1983 to 1986,
and a Senior Vice President of General Instruments from 1967 to 1983.
Mr. Solomon, on behalf of the ANADIGICS Board of Directors, said "The
ANADIGICS Board is extremely pleased with the steps that Ron and his team have
taken to turn around our new product development performance and position the
Company for much improved financial performance. Naming Ron as Chairman will
bring added strategic vision and perspective as well as operating experience
to the position, will fully leverage his skill and expertise, will enable an
effective process for Board and leadership succession at ANADIGICS, and will
best serve the interests of the Company and its shareholders."
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About ANADIGICS, Inc.
ANADIGICS, Inc. (NASDAQ: ANAD) designs and manufactures innovative radio
frequency solutions for the growing cellular, WiFi, and infrastructure
markets. Headquartered in Warren, NJ, ANADIGICS offers RF products with
exceptional performance and integration to deliver a unique competitive
advantage to OEMs and ODMs for mobile device, base station, CATV
infrastructure, CATV subscriber, and industrial applications. The Company's
award-winning solutions include power amplifiers, front-end ICs, front-end
modules, line amplifiers, active splitters, tuners, and other RF components.
For more information, visit www.anadigics.com.
SOURCE ANADIGICS, Inc.
Contact: Investor Relations: Terry Gallagher, Vice President and CFO,
ANADIGICS, Inc., +1 908 668-5000, email@example.com
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