Published:
Eli Ayalon, DSP Group CEO, to Chair Likud Election Campaign
SAN JOSE, Calif., Nov. 22 /PRNewswire-FirstCall/ -- Eli Ayalon, Chairman
and Chief Executive Officer of DSP Group, Inc. (Nasdaq: DSPG), a worldwide
leader in developing and providing solutions for the residential wireless
market, has announced that he intends to accept the position of Chair of the
Likud Campaign Committee for the Israel Knesset election scheduled to be held
on February 10, 2009. Mr. Ayalon will continue as Chairman of DSP Group, but
in light of the demands of his position as campaign chair he will take a
temporary leave of absence in performing the functions of Chief Executive
Officer.
During this three month period, it is expected that the DSP Group Board
will temporarily divide the responsibilities of the Chief Executive Officer
between Boaz Edan, currently Chief Operating Officer, who will have
responsibility for the Company's research and development, manufacturing,
logistics and finance functions, and Ofer Elyakim, President of South East
Asia Operations, who will have responsibility for the Company's sales and
marketing functions. Mr. Edan and Mr. Elyakim will report to a Committee of
the Board, comprised of Zvi Limon and Yair Seroussi, both long-standing,
independent members of the Board.
Commenting on the matter, Mr. Ayalon stated "We have a strong management
team and I have full confidence in their ability to operate the Company
effectively during this temporary period of my reduced activity. I intend to
resume my responsibilities as Chief Executive Officer promptly following the
election and will of course remain involved in the Company's affairs and
available to consult with management and the Board during the period of my
reduced involvement in its day-to-day affairs."
About DSP Group
DSP Group, Inc. is a fabless semiconductor company, offering advanced
chip-set solutions for a variety of applications. DSP Group is a worldwide
leader in the short-range wireless communication market, enabling home
networking convergence for voice, video and data. By combining its in-house
technologies of Digital Signal Processors (DSPs), portfolio of wireless
communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced
Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide
leader and a one-stop-shop for a wide range of applications. These
applications include ISM band digital 900MHz, 2.4GHz and 5.8GHz telephony,
European DECT (1.9GHz) telephony, Bluetooth systems for voice, video and data
communication and deployment in residential, SOHO, SME, enterprise and
automotive applications. DSP Group's ICs provide solutions for MP3 players,
VoIP Phones, Gateways, and Integrated Access Devices and are widely used in
Digital Voice Recorders. More information about DSP Group is available at
www.dspg.com.
For more information, please contact Ofer Elyakim, DSP Group Inc. at
+852-9017-5426; or e-mail: ofere@dsp.co.il.
SOURCE DSP Group, Inc.
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,SEM,CPR,PER,CA-DSP-Group-election
Search News
Daily News
