William Mitchell Elected to Spansion Board of Directors | Cypress Semiconductor
William Mitchell Elected to Spansion Board of Directors
SUNNYVALE, Calif., June 6, 2011 --
Spansion Inc. (NYSE: CODE), a leading provider of NOR Flash memory, today announced the election of William (Bill) Mitchell to Spansion's Board of Directors at its 2011 annual meeting of stockholders.
Mitchell is founding partner of Sequel Capital Management, LLC, which invests in managed IT services companies. Prior to forming this venture, Mitchell served as chairman, president and chief executive officer of Arrow Electronics, Inc. and held executive leadership positions at Nashua Corporation, Sequel, Inc., and Solectron Global Services, which was acquired by Flextronics International.
"Bill brings extensive management and semiconductor experience to the board," said John Kispert, president and CEO of Spansion. "We look forward to working with him and to his insights and perspective."
"Spansion is well positioned for the future as a leading provider of non-volatile memory for the embedded market. I believe Spansion has the right strategy to move forward in its next phase of growth as the company continues to design differentiated products for its customers," said Mitchell. "I look forward to working with the leadership team and being a part of the company's future growth and innovation."
Spansion (NYSE: CODE) is a leading provider of the Flash memory technology at the heart of the world's electronics systems, powering everything from the routers that run the internet to the highly interactive and immersive consumer and automotive electronics that are enriching people's daily lives. Spansion's broad and differentiated Flash memory product portfolio, award-winning MirrorBit charge-trapping technology, and industry leading service and support are enabling customers to achieve greater efficiency and success in their target markets. For more information, visit http://www.spansion.com.
Cautionary Statement by Spansion
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those statements. The risks and uncertainties include the company's ability to: become a leading provider of non-volatile memory for the embedded market, implement a business strategy that results in future growth and innovation, and continue to design differentiated products. Additional risks and uncertainties related to the company's business are discussed in the company's Securities and Exchange Commission filings, including but not limited to the company's most recent Annual Report on Form 10-K for fiscal 2010 and Quarterly Reports on Form 10-Q. Unless otherwise required by applicable laws, the company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Spansion(R), the Spansion logo, MirrorBit(R), and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.