Freescale Semiconductor has announced that chairman and CEO, Michel Mayer is stepping down.
Mayer will continue in his current role until a successor has been identified and will remain chairman of the board until the changeover is complete.
Mayer joined Freescale in May, 2004 and led the company through a period of change when it moved from being a semiconductor division of Motorola to a public company following an initial public offering in July 2004.
In December 2006, Freescale became the largest leveraged buy-out (LBO) in the history of the technology industry.
Mayer commented: “One year into a successful LBO, the time is right for me and my family to take some time off before exploring new challenges.”
See 2006 interview with Michel Mayer