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OTC 01/31 0738 INTEGRATED CIRCUIT SYSTEMS NAMES HOCK E. TAN ...
VALLEY FORGE, Pa., Jan. 31 /PRNewswire/ -- Integrated Circuit Systems
(Nasdaq: ICST) today named Hock E. Tan, who joined the company last
August as a senior vice president, to the additional post of chief
financial officer, effective February 6, 1995.
Tan replaces Keith D. Schneck who resigned effective February 5, to
pursue other interests outside of the company. Schneck had been chief
financial officer since joining the company in 1987, and had also
previously served in that time as a director, executive vice president and
chief operating officer. He will continue as a consultant to Integrated
David W. Sear, president and chief executive officer, commented,
"Keith has served the company well during a period when its revenues grew
from under $10 million a year to almost $100 million a year. We wish him
the best in his new career."
Sear noted that Tan takes over the financial helm at a critical
juncture. "Our business outlook is good and we are now entering the
emerging areas of data communications and personal computer multimedia
applications that could continue to expand our businesses nicely," Sear
commented. "Hock will contribute in guiding us toward appropriate
business and financial strategies as the company makes progress towards
its next milestone."
Before joining Integrated Circuit Systems, Tan had been chief financial
officer of Commodore International in West Chester, Pennsylvania. He has
over 20 years of experience in the personal computer and electronics
industries, including several years managing a venture capital fund in
Asia. Tan had also served in senior financial management positions with
Pepsico and General Motors Corporation.
Tan holds a master's in business administration degree from Harvard and
bachelor/master degrees in mechanical engineering from the Massachusetts
Institute of Technology.
Integrated Circuit Systems, Inc. is a manufacturer of semiconductor
products focusing on the design and marketing of mixed signal integrated
circuits for frequency timing, personal computer multimedia and data
communications applications. The Company's Turtle Beach Systems
subsidiary, located in York, Pennsylvania, is a supplier of PC multimedia
hardware and software products to original equipment manufacturers and the
consumer market. ICS is headquartered in Valley Forge, Pennsylvania, with
operations in San Jose, California.
/CONTACT: Shellie Roth, Investor Relations Partners, or Hock Tan of
Integrated Circuit Systems, 610-630-5300/