Dec. 11, 2012
/PRNewswire/ -- Exar Corporation (Nasdaq: EXAR), a leading supplier of high performance analog mixed-signal components and data management solutions, today announced that
Ryan A. Benton
will join the Company as Senior Vice President and Chief Financial Officer on
, 2012. Mr. Benton replaces
Kevin S. Bauer
who has served as the Company's Senior Vice President and Chief Financial Officer since
June 23, 2009
Louis DiNardo, Exar's president and CEO, commented, "Our team has demonstrated a successful return to profitability and growth in fiscal 2013. In the June, 2012 quarter we achieved 5% growth in revenue followed by 5% growth in the September quarter. Non-GAAP EPS in fiscal 2013 first quarter was
in the second quarter."
"Ryan brings exemplary technical and analytical skills to Exar. As we enter the next phase of our plan to further increase shareholder value Ryan will play a central role in analyzing our market selection, product development and capital allocation decisions. Ryan is committed to helping us execute on our plan. We are pleased to have him join our organization," concluded Mr. DiNardo.
"Exar has achieved dramatic results recently. The Company has a large and diverse account base in Networking and Storage, Industrial and Embedded Systems and Communications Infrastructure. These are strong markets that support profitable growth and provide opportunities for appreciation in shareholder value; especially for an innovative solution provider such as Exar. I am excited to be joining the Exar team," commented Mr. Benton.
Mr. Benton most recently served as Chief Financial Officer of SynapSense Corporation located in
, a private venture backed company serving the Data Center Infrastructure Management market. Prior to SynapSense Mr. Benton was Chief Financial Officer of SoloPower, Inc. a thin film CIGS photovoltaic provider located in
, California. Mr. Benton served as a financial consultant for ASM International NV, a semiconductor capital equipment company located in
, where he supported acquisitions and integration process. He was Chief Financial Officer for PB Unlimited, an advertising specialty manufacturer located in
, Texas. Also, he served as corporate controller at eFunds, a public company providing information technology solutions for the financial service industry located in
. Mr. Benton received his B.A. from the
University of Texas
Exar Corporation designs, develops and markets high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for data communication, networking, storage, consumer, and industrial applications. Exar's product portfolio includes power management and connectivity components, communications products, and network security and storage optimization solutions. Exar has locations worldwide providing real-time customer support. For more information about Exar, visit
SOURCE Exar Corporation