International Rectifier Corporation (“IR”) (NYSE:IRF) today announced the appointment of Gary Tanner as Executive Vice President and Chief Operations Officer, effective January 2, 2013. Mr. Tanner, 60, will report directly to Oleg Khaykin, President and Chief Executive Officer, and will be responsible for the continued implementation of the Company’s operational transformation strategy. Mr. Tanner will succeed Mike Barrow, 58, who will now lead the Company’s efforts to commercialize its gallium nitride on silicon (GaN) technology.
“As we position IR for the next phase of growth, the execution of our operational transformation strategy and the successful launch of our GaN technology platform will be two of our major focus areas,” said Oleg Khaykin, International Rectifier’s President and Chief Executive Officer. “Both Gary and Mike have outstanding track records in the semiconductor industry and I am confident in their leadership and management capabilities to drive two of our most critical initiatives.”
“I am excited about the opportunity to join International Rectifier and help build upon the strong foundation that is already in place,” said Gary Tanner. “I look forward to working with IR’s talented operations team to continue implementing our operational transformation strategy. We believe that doing so will allow us to re-size our operations, reduce costs, effectively scale the business during an up-cycle and significantly reduce the downward margin pressure during a down cycle.”
Mr. Tanner brings over 35 years of semiconductor industry experience to IR and most recently served as Chief Executive Officer at Zarlink Semiconductor Inc., which was acquired by Microsemi Corporation in October, 2011. Prior to his role as Chief Executive Officer, Mr. Tanner served as Chief Operating Officer where he was responsible for increasing Zarlink’s operational efficiency and streamlining operations. Mr. Tanner joined Zarlink in 2007 as Senior Vice President of Worldwide Operations via the acquisition of Legerity where he served as the Head of Operations. Before Zarlink, Mr. Tanner worked for nine years at Intel Corporation, where he held various positions managing domestic and international manufacturing operations. Prior to Intel, Mr. Tanner held various management positions in fab operations at National Semiconductor, Texas Instruments and NCR. Mr. Tanner holds a Bachelor of Science degree in Technical Management from Regis College.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts