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Tessera Technologies Appoints Robert J. Andersen CFO

Stocks in this article: TSRA

Tessera Technologies, Inc. (NASDAQ:TSRA) (the “Company” or “Tessera”) announced today the appointment of Robert J. Andersen as the Company’s executive vice president and chief financial officer (CFO) effective as of Jan. 2, 2014. Andersen will report to CEO Thomas Lacey and be responsible for the Company's finance, accounting, strategic planning, investor relations and IT. John Allen, who had served as the Company’s acting CFO since June 2013, returned to his prior position as the Company’s senior vice president and corporate controller.

“Robert has a long successful track record in a number of public and private technology companies,” stated Lacey. “I have worked with Robert previously and know firsthand that his financial leadership, business acumen and team-building skills will be instrumental to the successful execution of our long-term strategy, which will drive value for our customers, partners, employees and stockholders. I also want to thank John Allen for his significant contributions during his tenure as acting CFO and I very much look forward to his on-going contributions to help lead the company forward.”

“I am excited to join Tessera, which is an innovative company at a crucial point in its growth strategy,” stated Andersen. “I look forward to working on the significant opportunities that lie ahead for the Company.”

Andersen most recently served from June 2011 to July 2013 as the CFO and executive vice president of G2 Holdings Corp. d/b/a Components Direct, a privately held provider of cloud-based product life cycle solutions, which was acquired by Avnet, Inc. in April 2013. From September 2008 to June 2011, Andersen served first as vice president of finance and then as CFO at Phoenix Technologies Ltd., a publicly traded developer of core system software and productivity solutions for personal computers that was acquired by an affiliate of Marlin Equity Partners in November 2010. Prior to his time at Phoenix Technologies, Andersen served in various senior financial roles at Wind River Systems, Inc., a publicly traded embedded systems software company, and NextOffice, Inc., a privately held technology company. Andersen began his finance career at Hewlett-Packard Company, where he served in various controller, treasury and technology finance management roles.

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