RMI Expands Board of Directors with Finance Executive
Former financial leader of some of the world’s largest technology and manufacturing organizations, Richard Wallman brings strengths in technology and services industries to RMI
Cupertino, CA, March 26, 2008 — RMI Corporation, a leading supplier of multi-core, multi-threaded processors for communications and consumer applications, today announced that it has expanded its board of directors to include Richard Wallman, retired senior vice president and chief financial officer of Honeywell, International, Inc. Mr. Wallman, who will serve as chairman of the audit committee of the board, brings to RMI an extensive finance background in the technology and services industries as well as strong management and operational capabilities honed through a successful career at Honeywell and its predecessor, AlliedSignal Inc., as well as at IBM Corporation. The new director joins RMI’s board during a period of rapid business growth and will help guide the well-diversified product and technology company as it accelerates its worldwide marketing strategy.
RMI recently expanded the size of its board of directors to seven members. In addition to Mr. Wallman, RMI’s board includes newly appointed members, Donald Schrock, former group president at Qualcomm, Inc. and Michael Thurk, chief operating officer at Avaya, Inc., as well as existing board members, Behrooz Abdi, president and chief
executive officer, RMI Corporation, Joe Landy, co-president, Warburg Pincus, LLC, Bruce Dunlevie, senior partner at Benchmark Capital, and Henry Kressel, partner and a senior managing director of Warburg Pincus, LLC.
“I am proud to announce the addition of Richard Wallman to the board of directors at RMI,” said Behrooz Abdi, president and chief executive officer, RMI Corporation. “His record and reputation as a financial leader in the industry as well as his knowledge and understanding of the technology sector lend significant support to our growth strategy and we are happy to have him as part of the team.”
Richard F. Wallman
Mr. Wallman brings an extensive track record in financial leadership at some of the largest successful public companies in the technology sector. Mr. Wallman is the former senior vice president and chief financial officer of Honeywell International Inc., and its predecessor, AlliedSignal Inc. – one of the world’s largest technology innovators. Other previous experience includes executive positions at IBM Corporation (vice president and controller), Chrysler Corporation and Ford Motor Company. Mr. Wallman currently serves on the boards of directors at Ariba, Convergys, Hayes Lemmerz International, Lear Corporation, Roper Industries, and Bausch & Lomb. He has an MBA from the University of Chicago and a BSEE from Vanderbilt University.
“It is with great pleasure that I join the board of directors at RMI. The team that has been assembled, coupled with the strong customer base and management team makes it a very exciting company,” said Richard Wallman. “I look forward to lending my knowledge and expertise as the company continues its development into a semiconductor industry leader.”
RMI® products push the edge of processor technology in performance and integration, and are used by system and original equipment manufacturers to address the infrastructure, enterprise, and consumer markets. The company’s XLR™, XLS™, and Alchemy™ processor families are based on an innovative MIPS-compatible architecture creating highly-integrated designs incorporating advanced internal architectures and built on leading-edge silicon process technologies.
About RMI (now NetLogic Microsystems)
RMI Corporation is a fabless semiconductor company providing High-Performance Super System-on-a-Chip (SuperSoC™) Processor solutions for the Infrastructure, Enterprise, and Consumer Media markets. Applications include Wireless, Networking Security, Thin Clients, and Connected Multi-Media. RMI offers a broad platform of advanced MIPS-compatible processor solutions with both 32/64-bit architectures supporting frequencies from 300MHz to greater than 2.4 GHz. RMI is headquartered in Cupertino, CA with branch and subsidiary operations in Texas, France, India, Korea, Japan, Taiwan, Hong Kong and China. More information about RMI can be found on the company's website at www.RMICorp.com.
About NetLogic Microsystems
NetLogic Microsystems, Inc. (NASDAQ: NETL), a fabless semiconductor company headquartered in Mountain View, California, designs, develops and markets high-performance knowledge-based processors and high-speed integrated circuits that accelerate the delivery of voice, video, data and multimedia content for advanced enterprise, datacenter, communications and mobile wireless networks. NetLogic Microsystems’ products include high-performance knowledge-based processors, application-aware content processors, 10-Gigabit Ethernet interconnects and network search engines that are being deployed by Tier 1 original equipment manufacturers (OEMs) in leading systems such as routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment and network storage devices. NetLogic Microsystems' knowledge-based processors and content processors employ an advanced processor architecture and a large knowledge or signature database containing information on the network, as well as applications and content that run on the network, to make complex decisions about individual packets of information traveling through the network. NetLogic Microsystems’ products significantly enhance the performance and functionality of next-generation networks that are designed to deliver high-definition video delivery over the Internet (IPTV), media-rich content over advanced mobile wireless services, voice transmission over the Internet (VoIP) and network security applications. For more information about products offered by NetLogic Microsystems, call +1-650-961-6676 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.
