- After about six years in the position
- Thanks and good wishes for Anderson
- Esam Elashmawi taking over temporarily
- Search for a successor
- Anderson kept it short and said 35 words
(exechange) — Hillsboro, Oregon, June 3, 2024 — Jim Anderson, chief executive of Lattice, leaves his position. As announced by Lattice Semiconductor Corp. in a news release and in a regulatory filing published on Monday, June 3, 2024, James R. (Jim) Anderson leaves his post as chief executive officer at the semiconductor company, after about six years in the role, effective immediately.
Generally speaking, it raises questions when a CEO leaves his post abruptly.
Lattice will undertake a search for a successor.
Jim Anderson’s duties as CEO will be taken over temporarily by Esam Elashmawi, previously Chief Marketing and Strategy Officer at Lattice Semiconductor Corp., as Interim Chief Executive Officer.
Career change
The management change is explained as follows. Lattice stated: “Mr. Elashmawi’s appointment follows the decision by Jim Anderson to step down as President, Chief Executive Officer, and Board member to pursue an opportunity with another company.”
Anderson will be CEO at Coherent
Jim Anderson will take on a new role as the CEO at Coherent Corp., as was also reported. Coherent stated: “Coherent Corp. … announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company’s new Chief Executive Officer, effective today.”
Coherent announced the move on Monday, June 3, 2024.
Coherent is a chip and optical-components maker.
“Resignation”
Lattice said: “On June 3, 2024, Lattice Semiconductor Corporation … announced that on May 31, 2024, the Board of Directors of the Company … appointed Esam Elashmawi, Chief Marketing and Strategy Officer, as Interim Chief Executive Officer in addition to his existing position at the Company and designated Mr. Elashmawi as the Company’s principal executive officer, effective June 3, 2024. The appointment follows the resignation of James Anderson on May 31, 2024, from his position as President, Chief Executive Officer, and member of the Board to pursue an opportunity with another company, effective as of June 3, 2024.”
“Did not involve any disagreement”
Lattice stated, regarding the change: “Mr. Anderson advised the Company that his decision to resign did not involve any disagreement with the Company on any matter, including matters relating to the Company’s operations, policies, or practices.”
Share price increase since September 2018
The announcement follows an increase in Lattice Semiconductor Corp.’s share price of 801% since September 2018. September 2018 is the month in which Anderson’s tenure as CEO began.
In the position of CEO since 2018
Jim Anderson became CEO of the Company in 2018.
James R. Anderson has served as a director since joining the Company as President and Chief Executive Officer in September 2018.
Prior to joining the Company, Anderson served as the Senior Vice President and General Manager of the Computing and Graphics Business Group at Advanced Micro Devices, Inc. (“AMD”).
Prior to AMD, Anderson held a broad range of leadership positions spanning general management, engineering, sales, marketing, and corporate strategy at companies including Intel, Broadcom (formerly Avago Technologies), and LSI Corporation.
Anderson has served on the board of directors of Entegris, Inc. since March 2023, and he currently serves on the Board of Directors of the Semiconductor Industry Association.
Anderson previously served on the board of directors of Sierra Wireless from April 2020 to January 2023.
Anderson earned an MBA and Master of Science in electrical engineering and computer science from the Massachusetts Institute of Technology, a Master of Science in electrical engineering from Purdue University, and a Bachelor of Electrical Engineering from the University of Minnesota.
35 words by Jim Anderson
In the release announcing his departure as CEO of Lattice Semiconductor Corp., Jim Anderson received thanks and good wishes.
In the release announcing his departure as CEO, Jim Anderson kept it short and said 35 words.
“It has been an honor”
Jim Anderson stated: “It has been an honor to lead the exceptional team at Lattice for the past six years. I am very proud of what we have accomplished together, and I look forward to following Lattice’s success.”
The above text is an excerpt from the exechange report 24.2024 ($), publication date June 10, 2024.