LOWELL, Mass., Dec. 12, 2012 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("M/A-COM Tech"), a leading supplier of high performance analog semiconductor solutions, today announced its Board of Directors has promoted the Company's President, John Croteau, to the position of Chief Executive Officer effective December 13, 2012. Mr. Croteau has also been named to M/A-COM Tech's Board of Directors. Mr. Croteau succeeds Charles Bland, who will continue to serve as a member of the Company's Board of Directors and will remain in an advisory capacity to assist with the transition.
M/A-COM Tech Chairman John Ocampo commented, "The Board is pleased to name John Croteau as CEO of M/A-COM Tech. Since joining us as our President, he has been focused on energizing the Company's sales efforts and identifying expanded opportunities for operational efficiencies. John's extensive experience has already proven to be a beneficial asset to our management team. The Board would also like to express its sincere appreciation to Chuck Bland for his visionary leadership and numerous contributions to our Company. During his tenure, Chuck has been instrumental in transitioning M/A-COM Tech's R&D team into a world-class organization, which today serves as a key foundation for our new product initiatives. I am confident that John is the right leader for the Company in its next stage of evolution and will build upon this success as we strive to achieve our long-term strategic goals."
Mr. Croteau said, "I am excited about the opportunity to lead the M/A-COM Tech team and further advance the progress that the Company has achieved over its long operating history. We believe our end markets continue to represent compelling growth opportunities, and that we are well-equipped and uniquely positioned to deliver innovative solutions to our global customer base. The Company's key focus remains on execution and achieving our growth and margin expansion initiatives. I look forward to leading the Company in our ongoing pursuit to build value for our customers, partners and shareholders."
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