September 23, 2014 - Silvaco, Inc., a leading provider of Technology Computer Aided Design (TCAD) and Electronic Design Automation (EDA) software, announced today that CEO David Halliday and CFO Gary Micchelli are stepping down as of September 22, 2014. Iliya Pesic is stepping into an executive role in the leadership of Silvaco, Inc. Having been Chairman of the Board for the past two years since founder and father Ivan Pesic’s passing, he’s been nominated and approved by the board to take the role of Executive Chairman.
David Dutton has been tapped to lead the transition as interim CEO based on his proven capabilities and experience in the semiconductor industry. He led public company Mattson Technology (NASDAQ: MTSN) for over 11 years as President and CEO with a background that includes a decade of engineering management at Intel and Maxim Integrated Products. Ken Myers will serve as interim CFO, to maintain Silvaco’s strong balance sheet.
“Silvaco has a strong financial base, an experienced team and leading products helping our customers accelerate electronic product designs to the market,” said Mr. Pesic, Executive Chairman, “Mr. Dutton is a veteran leader whose steady hand and semiconductor experience will be leveraged at Silvaco. I am eager to advance Silvaco with new innovations in the EDA and TCAD markets to meet our customers increasing needs in complex integrated circuit and transistor level designs.”
“We are in a time where electronics are evolving exponentially to meet the increasing demands in mobile applications as well as the extension of semiconductors to serving every part of human society.” Said Mr. Dutton, Interim CEO, “Silvaco’s design automation tools help enable designers to rapidly bring the right products to the market in the IC, TFT, MEMS, and PV solar arenas. I am pleased to lead the Silvaco team through the transition to rise to the next level in the TCAD and EDA industry.”
Mr. Pesic’s leadership team is:
Silvaco, Inc. is a leading provider of TCAD, circuit simulation, and IC CAD software tools. Silvaco’s tools are used by fabs for developing semiconductor processes, and design houses for developing analog, mixed-signal, and RF integrated circuits. The company provides a complete PDK-based design flow with interfaces to third-party design platforms. Silvaco has a worldwide presence with local offices in all key industrial regions in the world.