- Push-out Score determined
- After almost 10 years in the position
- Praise and thanks for Tuttle
- Matt Johnson taking over
- Tuttle said 83 words
(exechange) — Austin, Texas, July 28, 2021 — Tyson Tuttle, chief executive of Silicon Labs, leaves. As announced by Silicon Laboratories Inc. in a news release and in a regulatory filing published on Wednesday, July 28, 2021, G.Tyson Tuttle leaves his post as chief executive officer at the fabless technology company that designs and manufactures semiconductors after almost 10 years in the role, effective January 1, 2022.
Tyson Tuttle’s duties as CEO will be taken over by R.Matthew (Matt) Johnson, currently President at Silicon Laboratories Inc.
“The best time”
Tyson Tuttle’s departure from the CEO post is explained as follows. Tyson Tuttle said: “With our IoT vision, strategy and roadmap set and record-breaking financial results delivered, I decided now is the best time to announce our leadership transition plan.”
Precise information regarding Tyson Tuttle’s future plans was not immediately available.
Silicon Labs said: “Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the board-approved, succession plan to elect company President Matt Johnson as the new chief executive officer when Tyson Tuttle retires on January 1, 2022.”
Silicon Labs further said: “On July 22, 2021, Tyson Tuttle, the Chief Executive Officer (“CEO”) of Silicon Laboratories Inc. (the “Company”), informed the Board of Directors of the Company of his decision to retire as CEO and as a member of the Board of Directors effective January 1, 2022. Mr. Tuttle recommended that the Board appoint Matt Johnson as his successor as contemplated by the Company’s succession plan.”
Share price increase since July 2016
The announcement follows an increase in Silicon Laboratories Inc.’s share price of 187% since July 2016.
Chaired by Nav Sooch
Nav Sooch serves as Silicon Laboratories Inc.’s Chairman.
Sooch co-founded Silicon Labs in August 1996 and has served as Chairman of the Board since the Company’s inception.
In the position of CEO since 2012
Tyson Tuttle became CEO of the Company in 2012.
Tuttle has served as a Director and the Company’s Chief Executive Officer since April 2012 and has also served as the Company’s President since February 2016.
Tuttle served as the Company’s Chief Operating Officer and Senior Vice President from May 2011 to April 2012.
From January 2010 to May 2011, Tuttle served as the Company’s Chief Technical Officer.
From May 2005 to December 2009, he was the Company’s Vice President and General Manager of Broadcast products including the audio and video product families.
Tuttle joined Silicon Labs in 1997 as a senior design engineer.
From 1999 to 2005, Tuttle served in a variety of product management, marketing and business leadership positions.
Previously, Tuttle held senior design engineering positions at Crystal Semiconductor/Cirrus Logic and Broadcom Corporation where he focused on high-speed mixed-signal circuit design for mass storage and Ethernet applications.
Tuttle holds an M.S. in Electrical Engineering from UCLA and a B.S. in Electrical Engineering from Johns Hopkins University.
Tuttle has been granted over 70 patents covering many fundamental semiconductor inventions including key aspects of wireless communications.
Tuttle serves on the boards of the Global Semiconductor Alliance (GSA), Semiconductor Industry Association (SIA) and the Dallas Federal Reserve Bank.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Tyson Tuttle’s move on a scale of 0 to 10.
exechange reached out to Silicon Labs and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 31.2021 ($).