30 August 2016

Skyworks appoints new chief financial officer as Donald Palette retires

Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) says that Kris Sennesael has joined it as senior VP & chief financial officer.

Sennesael was most recently chief financial officer for semiconductor-based energy solutions provider Enphase Energy. Prior to that, he was chief financial officer at Standard Microsystems, a designer of mixed-signal connectivity solutions. Previously, he held increasingly responsible financial positions at ON Semiconductor, AMI Semiconductor and Alcatel Microelectronics. Sennesael holds bachelor's and master's degrees in economics from the University of Ghent, Belgium, as well as an MBA from the Vlerick Management School.

Skyworks is embarking on its next key growth phase driven by ubiquitous mobile connectivity and the Internet of Things, says president & CEO Liam K. Griffin. "His unique combination of financial expertise, operational acumen and industry knowledge will be valuable assets as we build upon our market leadership and take Skyworks to the next level of financial outperformance," he adds.

Donald Palette, who has been chief financial officer since 2007, will serve in an advisory role for a transitional period. "We appreciate Don's leadership and counsel over the last nine years, particularly as we reshaped our business, outpaced our competition, substantially improved our degree of profitability and strengthened our balance sheet," comments Griffin. "Skyworks has benefited from the strong financial foundation set by Don."

Tags: Skyworks

Visit: www.skyworksinc.com