Tessera Technologies, Inc. (Nasdaq: TSRA) (the “Company”) announced today that it has appointed Richard “Rick” S. Hill and Timothy “Tim” J. Stultz, Ph.D. to its board of directors, effective immediately.
Hill served as the chief executive officer of Novellus Systems, Inc. from 1993, as well as the chairman from 1996, until its acquisition for more than $3 billion by Lam Research Corporation in June 2012. Novellus supplied equipment used in the fabrication of integrated circuits. Dr. Stultz has served since 2007 as CEO, president and a director of Nanometrics Incorporated, a leader in process-control metrology and inspection systems used in the fabrication of semiconductors and other devices. These appointments will expand the Company’s board from six to eight members.
“Each of our new directors has successfully built and led technology businesses, and each brings a wealth of knowledge, skills and insights that will help us drive the ongoing strategic initiatives for both of our business segments,” said Robert A. Young, CEO and president, Tessera Technologies, Inc. “Our Company and our stockholders will benefit from their deep experience in technology operations, manufacturing, and strategic development.”
Hill brings more than 30 years of executive management and engineering experience in technology and defense. Before joining Novellus Systems in 1993, Hill spent 12 years with Tektronix, Inc., including as president of the Tektronix Development Company, vice president of the Test & Measurement Group, and president of Tektronix Components Corporation. He also held engineering-management positions at General Electric, Motorola, and Hughes Aircraft Company. Hill graduated in bioengineering from the University of Illinois at Chicago and earned an MBA from Syracuse University. He is the immediate past chair, and a current executive committee member, of the University of Illinois Foundation, a member of the Board of Visitors for the University of Illinois at Urbana-Champaign, and a member of the Board of Directors of Arrow Electronics, LSI Corporation, and Cabot Microelectronics Corporation.
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