{"id":518811,"date":"2021-07-28T07:08:16","date_gmt":"2021-07-28T11:08:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology\/"},"modified":"2021-07-28T07:08:16","modified_gmt":"2021-07-28T11:08:16","slug":"silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology\/","title":{"rendered":"Silicon Labs Initiates CEO Transition Plan Amid Strong Growth and Increased Demand of Wireless Technology"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Company President Matt Johnson will succeed Tyson Tuttle as Chief Executive Officer in 2022<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p \/>\n<p>\n        <span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 28, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3241528-1&amp;h=2438669605&amp;u=http%3A%2F%2Fwww.silabs.com%2F%3Fcid%3Dnat-prr-cor-080420&amp;a=Silicon+Labs\" rel=\"nofollow noopener\">Silicon Labs<\/a> (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the board-approved, succession plan to elect company President <span class=\"xn-person\">Matt Johnson<\/span> as the new chief executive officer when <span class=\"xn-person\">Tyson Tuttle<\/span> retires on <span class=\"xn-chron\">January 1, 2022<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1582850\/Tyson_Transition_Corp_PressImage.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1582850\/Tyson_Transition_Corp_PressImage.jpg\" title=\"Silicon Labs Initiates CEO Transition Plan\" alt=\"Silicon Labs Initiates CEO Transition Plan\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;With our IoT vision, strategy and roadmap set and record-breaking financial results delivered, I decided now is the best time to announce our leadership transition plan,&#8221; said Silicon Labs CEO <span class=\"xn-person\">Tyson Tuttle<\/span>. &#8220;<span class=\"xn-person\">Matt Johnson<\/span> has successfully managed our IoT business since 2018, and I&#8217;m confident he will drive sustainable growth, innovate on our leading wireless technology, and demonstrate our values \u2013 the foremost of which is to &#8216;do the right thing.&#8217; Personally, I will continue to apply the same principle beyond Silicon Labs with my family, friends, and community.&#8221;<\/p>\n<p>Tuttle joined Silicon Labs\u00a0in 1997 as the 10th employee and has held a variety of roles\u00a0in design engineering and product management, including CTO and COO, before being named CEO in 2012.\u00a0He spearheaded the company&#8217;s focus on IoT, leveraging\u00a0its wireless expertise to\u00a0become\u00a0one of the industry&#8217;s most respected market leaders. Tuttle will continue to serve the company as member of its Technical Advisory Board after he steps down as CEO.<\/p>\n<p>&#8220;Under Tyson&#8217;s leadership,\u00a0Silicon Labs received recognition for its strong company culture\u00a0and ability to successfully develop\u00a0technologies which improve lives, transform industries, and grow economies,&#8221; stated Silicon Labs Board Chairman <span class=\"xn-person\">Nav Sooch<\/span>. &#8220;The entire board thanks Tyson for nearly 25 years of immeasurable contributions. We look forward to his continual collaboration with <span class=\"xn-person\">Matt Johnson<\/span>, who will lead the company and focus on accelerating our leadership in the rapidly growing, global IoT market.&#8221;<\/p>\n<p>\n        <span class=\"xn-person\">Matt Johnson<\/span> joined Silicon Labs in 2018 as senior vice president and general manager of IoT products and was promoted to president in <span class=\"xn-chron\">April 2021<\/span>. Prior to joining the company,\u202fJohnson served in leadership roles at NXP Semiconductors, Freescale Semiconductor, and Fairchild Semiconductor. <\/p>\n<p>&#8220;Silicon Labs&#8217; best competitive advantage is our people,&#8221; said Johnson. &#8220;After facilitating a smooth transition both internally and externally, I look forward to leading our global team in the new era as a pure-play leader in secure, intelligent wireless connectivity. Our team remains hyper-focused on enabling our more than 20,000 customers globally to create connected devices, which measurably solve tough challenges in energy, health, infrastructure, production, and more.&#8221;<\/p>\n<p>\n        <b>About Silicon Labs<br \/><\/b>Silicon Labs (NASDAQ: SLAB) is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, unmatched ecosystem and robust support make us the ideal long-term partner in building advanced industrial, commercial, home and life applications. We make it easy for developers to solve complex wireless challenges throughout the product lifecycle and get to market quickly with innovative solutions that transform industries, grow economies and improve lives. <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3241528-1&amp;h=372550597&amp;u=http%3A%2F%2Fwww.silabs.com%2F&amp;a=Silabs.com\" rel=\"nofollow noopener\">Silabs.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/457128\/silicon_labs_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/457128\/silicon_labs_Logo.jpg\" title=\"(PRNewsfoto\/Silicon Labs)\" alt=\"(PRNewsfoto\/Silicon Labs)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA56855&amp;sd=2021-07-28\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology-301342794.html\">https:\/\/www.prnewswire.com\/news-releases\/silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology-301342794.html<\/a><\/p>\n<p>SOURCE  Silicon Labs<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA56855&amp;Transmission_Id=202107280705PR_NEWS_USPR_____DA56855&amp;DateId=20210728\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company President Matt Johnson will succeed Tyson Tuttle as Chief Executive Officer in 2022 PR Newswire AUSTIN, Texas, July 28, 2021 \/PRNewswire\/ &#8212;\u00a0Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the board-approved, succession plan to elect company President Matt Johnson as the new chief executive officer when Tyson Tuttle retires on January 1, 2022. &#8220;With our IoT vision, strategy and roadmap set and record-breaking financial results delivered, I decided now is the best time to announce our leadership transition plan,&#8221; said Silicon Labs CEO Tyson Tuttle. &#8220;Matt Johnson has successfully managed our IoT business since 2018, and I&#8217;m confident he will drive sustainable growth, innovate on our leading wireless technology, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-labs-initiates-ceo-transition-plan-amid-strong-growth-and-increased-demand-of-wireless-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Silicon Labs Initiates CEO Transition Plan Amid Strong Growth and Increased Demand of Wireless Technology&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-518811","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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