Power Integrations Announces Key Management Changes

April 25, 2001
Inventor of TOPSwitch Promoted to President and COO

SAN JOSE, CALIF. – April 25, 2001 -- Power Integrations, Inc. (Nasdaq:POWI) today announced key management changes, effective immediately:

President and COO

Balu Balakrishnan, vice president, engineering and strategic marketing, has been named president and chief operating officer, a new position. Mr. Balakrishnan will be responsible for sales, marketing, operations, engineering and quality assurance, reporting directly to Howard Earhart, chief executive officer and chairman of the board.

"When we decided to realign our organizational structure to better meet our future growth objectives Balu was the logical choice to fill the newly created position of president and COO," commented Howard Earhart, CEO. "Balu has a unique combination of technical, marketing and business skills that are evident in the success he and the team at Power Integrations have had at bringing innovative IC products to the market place."
"As we continue our efforts to accelerate new product development to maintain our market lead and to enter new markets, the strength and depth of our management team is critical," he continued.

Mr. Balakrishnan joined Power Integrations in 1989, less than a year after the founding of the company, and has served the company in key engineering and business management roles since then. He is the chief inventor of the company's innovative TOPSwitch™ and TinySwitch™ technologies and holds 27 patents. For its energy efficiency features, TinySwitch™ won Discover Magazine's 1999 Award for Technological Innovation in the Environment Category

Mr. Balakrishnan has more than 20 years of engineering and management experience, including as product line manager in the Networking and Advanced Peripherals Group at National Semiconductor Corporation. He holds an M.S.E.E. from the University of California, Los Angeles, and a B.S.E.E. from Bangalore University, India.

Vice President, Engineering

Derek Bell, former vice president, engineering for Synopsys Professional Services Group, is joining the company as vice president, engineering. Mr. Bell's responsibilities will include overseeing the company's newly combined Engineering and Technology groups. Vladimir Rumennik has resigned as vice president of technology but will continue to work with the company in a consulting role on an indefinite basis. Mr. Bell joins the company with more than 30 years of engineering and engineering management experience. His experience includes management and business development positions at Cirrus Logic, National Semiconductor and Signetics Corporation among others.

Vice President of Operations

Tom Roesler has been promoted to vice president of operations, replacing Rick Davies who has resigned from his position to accept an opportunity at a start-up company. Mr. Roesler joined the company from National Semiconductor in 1999 and served most recently as director of operations engineering.

About Power Integrations

Power Integrations, Inc. is a leading supplier of high-voltage analog integrated circuits for use in AC to DC power conversion. For more information, visit the company's web site at: www.powerint.com or contact the company at 5245 Hellyer Ave., San Jose, Calif. 95138; (408) 414-9200.

NASDAQ: POWI $119.08 -1.23
-1.02% Volume: 129,556 August 7, 2020

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