Lattice Semiconductor Appoints Interim CEO

Lattice Semiconductor Corporation (NASDAQ: LSCC) has announced the appointment of Esam Elashmawi as the interim chief executive officer, following the decision of Jim Anderson to step down from his role as president, CEO, and board member to pursue an opportunity with another company. The board has initiated a search process to identify a permanent CEO and will consider both internal and external candidates as part of its search.

Mr. Elashmawi, who joined Lattice in 2018, brings over 30 years of FPGA technology and industry experience to the position. As the chief marketing and strategy officer at Lattice, he has been deeply engaged with the investment community and customers, and has led the company’s strategic transformation, resulting in rapid product portfolio expansion and the launch of multiple new hardware and software solutions.

During Mr. Anderson's tenure, Lattice underwent a period of meaningful transformation and innovation. The company has also experienced a significant product portfolio expansion, with clear strategic priorities in place and substantial opportunity for growth and value creation.

As Lattice moves forward, the company is well-positioned to build upon its track record of delivering outstanding results, with a strong foundation to deliver for its customers and stakeholders. This change in leadership comes at an exciting time in Lattice's history, as the company continues to execute on its largest product portfolio expansion. Today the company's shares have moved -15.5% to a price of $62.74. For the full picture, make sure to review Lattice Semiconductor's 8-K report.

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