Dr. Henry T. Nicholas III resigned his positions as President and CEO of Broadcom. He agreed to serve out his current term as Co-Chairman of the Board of Directors. After more than a decade at Broadcom, Nicholas said he would take time off to attend to serious family matters. He also noted that Broadcom had weathered "the worst economic downturn in the history of our industry." Alan E. "Lanny" Ross, the company's current COO, will assume Nicholas' positions until a permanent replacement is named.
In addition, Broadcom named four new vice presidents to serve as general managers. The appointments include three vice presidents whose businesses address distinct market segments, plus a new vice president to lead the company's Broadband Communications Business Unit. The appointments are:
Client Server Networking Business Unit, Thomas F. Lagatta
Network Infrastructure Business Unit, Robert A. Rango
Switching and Security Business Unit, Ford G. Tamer
Broadband Communications Business Unit, Daniel A. Marottahttp://www.broadcom.com
Wednesday, January 22, 2003
Broadcom Announces Resignation of Nicholas as CEO
Wednesday, January 22, 2003
