Exar Corp. announced that Louis DiNardo will join the Company as President and Chief Executive Officer of the Company on January 3, 2012. He will replace interim President and Chief Executive Officer Richard L. Leza. In addition, DiNardo will become a member of the Company’s Board of Directors on January 3, 2012. DiNardo brings over thirty years of successful semiconductor industry and executive management experience to the Company.
Leza, Chairman of the Company’s Board of Directors, stated, “Lou brings to our organization executive leadership and demonstrated experience across a wide range of disciplines. The Board of Directors is very pleased to have him join the Company.”