Microchip said its Board of Directors appointed Richard J. Simoncic as Chief Operating Officer on April 1, 2024. He will report to Ganesh Moorthy, the company's President and Chief Executive Officer.

1. 01

   Microchip said its Board of Directors appointed Richard J. Simoncic as Chief Operating Officer on April 1, 2024. He will report to Ganesh Moorthy, the company's President and Chief Executive Officer.

2. 02

   The company said Simoncic joined Microchip in 1990 and has held roles in Design, Device/Yield Engineering and Quality Systems. He has served as Executive Vice President since April 2023 and was Vice President, Analog Power and Interface Business Units from September 1999 to April 2023.

3. 03

   Microchip said Stephen V. Drehobl, Senior Vice President, MCU 8 and MCU 16 Business Units, informed the company on April 1, 2024 that he will retire effective June 7, 2024.

4. 04

   The company said Simoncic is 60 years old, has no family relationships with any director or executive officer, and has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a). He holds a B.S. degree in Electrical Engineering Technology from DeVry Institute of Technology.

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