Altera Names LSI Executive Daane President, CEO
Chipmaker
Altera
(ALTR) - Get Altair Engineering Inc. Report
named John Daane president and chief executive, effective Nov. 30.
Daane will replace Rodney Smith, who announced his intention to retire late last year. Smith will remain the chairman of Altera's board. Daane, who has been with
LSI Logic
Scroll to Continue
TheStreet Recommends
(LSI) - Get Life Storage Inc. Report
since 1985, was most recently the head of the company's communications products unit.
Shares of Altera were recently quoted at $28.49 in after-hours trading on the
Island
ECN, while shares of LSI fell 6.13%, or $1.38, to $21.06 at 4 p.m. on the
New York Stock Exchange
.
