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#0341
Xilinx Press Release #0341
FOR IMMEDIATE RELEASE
XILINX CHAIRMAN AND RESPECTED ELECTRONICS INDUSTRY
VETERAN
"BERNIE" VONDERSCHMITT TO RETIRE
Xilinx President & CEO Roelandts to assume chairman
post
SAN JOSE, Calif., April 23, 2003 - Xilinx, Inc. (NASDAQ: XLNX)
today announced that electronics industry veteran and Xilinx co-founder
Bernard V. "Bernie" Vonderschmitt, 79, will retire as chairman
of the board, as of August 7, 2003 when the Xilinx annual shareholders
meeting takes place. Xilinx President and Chief Executive Officer Willem
P. "Wim" Roelandts, 58, will succeed Vonderschmitt as chairman
of the board and retain his day-to-day responsibilities at the helm of
Xilinx. The company also announced that Jerry Fishman, President and CEO
of Analog Devices, Inc. and a member of the Xilinx board since 2000, will
take on the new role of lead independent director.
Vonderschmitt co-founded Xilinx in 1984 and served as chief executive
officer until 1996, when 29-year veteran of Hewlett-Packard Co. Roelandts
assumed the post. Vonderschmitt was instrumental in guiding Xilinx from
a Silicon Valley startup to a billion-dollar-plus global enterprise that
is recognized as the undisputed leader in programmable logic solutions,
and employs more than 2,500 employees in North America, Asia and Europe.
"Bernie's vision for our business and company culture at Xilinx is
as alive today as when he co-founded the company nearly 20 years ago,"
said Roelandts. "We'll miss his incredible business acumen, his superb
knowledge of the industry and his visionary approach to creating and perpetuating
a company built upon a core set of values that Bernie himself has lived
and reflected every day of his life. Together with his co-founders, Bernie
started Xilinx based upon a radical new technology and business model
that has stood the test of time. It's my privilege to assume the role
as chairman of the board for Xilinx and to honor Bernie's legacy and vision
for the future."
During his tenure at Xilinx, Vonderschmitt pioneered the company's "fabless"
business strategy of forming close partnerships with semiconductor manufacturers,
freeing Xilinx from costly capital investments in foundries and allowing
the company to focus its resources on research, design and marketing.
Today, there are 75 public fabless semiconductor companies worldwide.
Notably, Vonderschmitt's founding philosophy in action has also led to
the company's high ranking in FORTUNE Magazine's "The Best 100 Company's
to Work For" annual listing for three years in a row. This year,
Xilinx placed No. 4, higher than any other publicly traded or high technology
company and was lauded widely for its policy of "lay-offs as a last
resort."
"It's been a great honor over the years to work alongside so many
talented employees to create a company that responds to our employees,
customers and shareholders, plus making all constituents feel they have
provided and received value. Also, Xilinx has been a good citizen in all
areas in which we conducted business," said Vonderschmitt. "As
I venture into this new phase of my life, I have high confidence that
Wim Roelandts is the right person to lead Xilinx into the future. Over
the past seven years, he has proved to be an excellent leader in building
the company, while holding true to a foundation of solid, lasting values
that continue to serve us well, especially in today's demanding economic
climate."
In December 2002, Xilinx was named "Most Respected Public Fabless
Company" by members of the Fabless Semiconductor Association (FSA)
at the annual FSA 2002 Awards Dinner Celebration. In addition, Vonderschmitt
was honored with the Dr. Morris Chang Exemplary Leadership Award, an award
that recognizes individuals, such as its namesake, for their outstanding
achievements and unique contributions to the fabless sector, exemplifying
how their vision and global leadership has transformed and elevated the
entire semiconductor industry.
Before joining Xilinx, Vonderschmitt was vice president and general manager
of the microprocessor division of Zilog, Inc. in San Jose. Before that,
he served with RCA Corp. for 34 years. His employment at RCA was interrupted
during WWII by service in the U.S. Navy for two-and-a-half years as an
electronics officer, before returning to RCA to participate in color TV
development and finishing his career as vice president and general manager
of the solid state division. Vonderschmitt holds 13 issued patents. During
his career at RCA, he received the prestigious "David Sarnoff Award"
for developments in color TV integrated circuits.
Vonderschmitt was born October 14, 1923, in Indiana. He holds a BSEE and
honorary doctorate degree of Science and Technology from Rose Hulman Institute
of Technology in Terre Haute, IN, where he was also awarded the Hemingway
Medal for top scholastic record. Vonderschmitt holds an MSEE from the
Moore School of Engineering at the University of Pennsylvania in Philadelphia
and was a recipient of D. Robert Yarnall Award in 2002. He also holds
a MBA and honorary doctorate of laws from Rider University in Lawrenceville,
N.J. Vonderschmitt serves on the board of directors for Sanmina-SCI Corp.
and Gyration.
About Xilinx
Xilinx, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic
and programmable system solutions. Additional information about Xilinx
is available at www.xilinx.com.
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All trademarks or registered trademarks are property of their respective
owners.
#0341
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