MACOM’s chief financial officer resigns; assumes advisory role while replacement sought

MACOM Technology Solutions Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) says that Robert McMullan, senior VP & chief financial officer, has resigned (for personal reasons; not the result of any matters related to the firm’s financial statements or disclosures or accounting principles and practices). McMullan will transition to an advisory role and support MACOM during the next two months to ensure an orderly transition of responsibilities. The firm has engaged a leading executive search firm to assist with finding a replacement.

“Bob was instrumental in rebuilding and reshaping MACOM through numerous acquisitions and divestitures, as well as corporate financing transactions,” notes president & CEO John Croteau. “We are grateful for Bob’s positive impact on the company and wish him continued success in his next endeavour,” he adds.

“Looking ahead toward the next phase of MACOM’s development, our focus is on leveraging the strategic investments we’ve made and scaling operations, both internally and with our external manufacturing partners,” continues Croteau. “Accordingly, our search for a new CFO is focused on candidates with a strong financial background coupled with a proven track record of operational execution.”

MACOM also announced that Conor Hegarty has been appointed as principal financial officer & principal accounting officer. During 22 years with MACOM, Hegarty was senior international finance director from March 2011 to August 2016 and, since then, VP of financial planning & analysis. Hegarty is a Chartered Management Accountant (ACMA, CGMA).

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