MACOM has announced the appointment of Stephen G. Daly, as its new President and Chief Executive Officer, effective immediately. Stephen succeeds John Croteau, who resigned on May 15, 2019. Mr. Croteau had served as President and CEO since December 2012 and will now be available to MACOM in an advisory capacity for the next two months to ensure a smooth transition.
Stephen G. Daly has served on MACOM’s Board of Directors since March 2015 and has over 25 years of experience in the semiconductor industry. Prior to joining MACOM’s Board of Directors, Mr. Daly had served for almost ten years as Chairman, President and Chief Executive Officer of Hittite Microwave Corporation (Hittite), a provider of analog and mixed signal integrated circuits, modules and subsystems for commercial and military radio frequency, microwave and millimeter-wave applications. Mr. Daly’s 17-year career at Hittite included leading Hittite’s initial public offering in July 2005 and establishing the company as an innovative designer of high-performance semiconductor products that generated industry leading profitability.
On the eve of the appointment, John Ocampo, Chairman of the Board of Directors at MACOM, thanked John Croteau for his leadership for the past six and a half years and his commitment to the company and also welcomed the appointment of Steve for the role. The MACOM Board of Directors are confident that Steve will be successful in advancing MACOM’s future strategies and enable to reach full potential.
