Moshe Gavrielov to step down as CEO of Xilinx
7 January, 2018
The board has elected Victor Peng, the company's current COO, to succeed him as CEO. The transition will be effective by effective January 28, 2018
The long time chief executive officer and president of Xilinx, Inc. (NASDAQ: XLNX), Moshe Gavrielov (photo above), has informed the company’s board of directors that he is retiring from the company and the board, effective January 28, 2018. Gavrielov’s decision will bring to a close a remarkable career of 40 years in semiconductor and software related companies. The board has elected Victor Peng, the company’s current COO, to succeed him as CEO.
“Xilinx invented the world’s most successful programmable logic category in 1985 and has maintained its leadership ever since,” said Gavrielov. “I am delighted to have the opportunity to hand over the reins at Xilinx to my long-time colleague, Victor Peng. I am confident in the future success of Xilinx as he embodies all the qualities of a great leader: integrity, intelligence, and enthusiasm.”
Moshe Gavrielov, 63, joined Xilinx in 2008 to lead the turnaround of the company and to define a new vision for its Programmable Logic Technology. Before Xilinx, he served as Vice president of Cadence Design Systems, following the 2005 acquisition of the Israeli verification startup Verisity. Gavrielov has served as the President and CEO of Verisity, which is still a cornerstone in Cadence’s design center in Israel.
Since joining the company in 2008, Peng has spearheaded industry-leading strategy and technical shifts across the company’s portfolio of products and services, resulting in three consecutive generations of core product. Most recently, he served as Chief Operating Officer and was appointed as a member of the board of directors in October 2017.
Before joining Xilinx, Peng served as corporate vice president of the graphics products group (GPG) silicon engineering at AMD. Peng earned a bachelor’s in electrical engineering from Rensselaer Polytechnic Institute, and a master’s in electrical engineering from Cornell University. “I’m honored to have been chosen to lead Xilinx at such a dynamic time in our industry,” said Peng. “The world of technology is changing rapidly, and I plan to architect Xilinx to take advantage of where I see the greatest opportunities for transformational growth.”
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