- Push-out Score suggests push-out forces
- After ten years in the position
- Victor Peng taking over
- Gavrielov spoke at length and said 144 words
(exechange) — San Jose, California, January 4, 2018 — Moshe Gavrielov, chief executive of Xilinx, leaves. It is a change at short notice. As announced by Xilinx, Inc. in a news release on Thursday, January 4, 2018, Moshe N. Gavrielov, chief executive officer, leaves the semiconductor manufacturing company after ten years in the position, effective January 28, 2018.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 8.7 years, according to data compiled by exechange. Only 34 percent of the CEOs who departed over the past twelve months left the position after more than ten years.
Gavrielov’s duties will be taken over by Victor Peng, currently chief operating officer at Xilinx, Inc.
“Bring to a close a remarkable career”
A reason for Gavrielov’s imminent departure from the CEO post was not explicitly given. Xilinx said: “Gavrielov’s decision to step down from his operational role will bring to a close a remarkable career of 40 years in semiconductor and software related companies.”
Precise information about Gavrielov’s future plans was not immediately available.
Xilinx said that “chief executive officer and president Moshe Gavrielov has informed the company’s board of directors that he is retiring from the company and the board, effective January 28, 2018.”
Share price rise since June 2016
The change follows a rise in the share price of Xilinx, Inc. since June 2016.
Chaired by Dennis Segers
Xilinx, Inc. is chaired by Dennis Segers.
Segers joined the Company’s Board in October 2015 and was named Chairman of the Board in November 2015.
In the position of CEO since 2008
Gavrielov joined the Company in January 2008 as President and CEO and was appointed to the Board in February 2008.
Prior to joining the Company, Gavrielov served at Cadence Design Systems, Inc., an electronic design automation company, as Executive Vice President and General Manager of the Verification Division from April 2005 through November 2007.
Gavrielov served as CEO of Verisity Ltd., an electronic design automation company, from March 1998 to April 2005 before its acquisition by Cadence Design Systems, Inc.
Prior to joining Verisity, Gavrielov spent nearly 10 years at LSI Corporation (formerly LSI Logic Corporation), a semiconductor manufacturer, in a variety of executive management positions, including Executive Vice President of the Products Group, Senior Vice President and General Manager of International Marketing and Sales and Senior Vice President and General Manager of LSI Logic Europe plc.
Additionally, Gavrielov held various engineering and engineering management positions at Digital Equipment Corporation and National Semiconductor Corporation.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Moshe Gavrielov’s imminent move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 2.2018 ($).