Rambus

(RMBS) - Get Report

announced a new head of finance on Wednesday, ending a two-month search to fill the position.

Satish Rishi began his tenure as CFO at Rambus on Tuesday, according to the company. Prior to joining Rambus, Rishi served as finance chief for semiconductor-equipment company Toppan Photomasks. He has also held senior financial positions at

Intel

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and

Dell

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during his 20-year career.

"Satish is a seasoned finance executive in the semiconductor space, and we are pleased to have him join our management team," said Rambus CEO Harold Hughes in a statement. "Satish and I worked together in the past, and his extensive experience will contribute to our continued growth and financial strength."

In February,

Robert Elau announced his resignation as Rambus CFO, and later assumed the position of CFO at RFID chip company Alien Technology.

Shares of Rambus were up 88 cents, or 2.2%, to $41.68 in midday trading Wednesday.