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FOR IMMEDIATE RELEASE
XILINX APPOINTS NEW CFO; KRIS CHELLAM REMAINS
WITH COMPANY AS SVP, CORPORATE AND ENTERPRISE SERVICES
SAN JOSE, Calif., June 7, 2005 - Xilinx, Inc. (NASDAQ:XLNX), the
world's leading programmable logic supplier, today announced the
appointment of Jon A. Olson, 51, to the position of vice president
finance and chief financial officer (CFO). Currently VP Finance
and Enterprise Services, Director of Finance at Intel Corporation,
Olson brings more than 25 years of financial management expertise.
The finance function he oversaw at Intel had over 1,200 employees
and supported all the various business groups. Starting on June
27th, Olson will have the responsibility for finance, tax, treasury
and investor relations at Xilinx.
Olson will succeed Kris Chellam, who will remain with the company
in the role of Senior Vice President, Corporate and Enterprise Services.
Chellam will continue to oversee information technology, internal
audit, business and strategy development, real estate and our Asia/Pacific
headquarters located in Singapore.
"Kris' unique combination of 25 years of extensive industry
knowledge, business development strength, organizational management
skills and international experience make him the ideal choice to
help drive the company's strategic direction and seek out opportunities
to expand the market for programmable solutions. Kris has been instrumental
in the company's growth and developed a strong finance organization.
He successfully led the effort that resulted in Xilinx getting a
clean opinion with regard to Sarbanes-Oxley Section 404," said
Wim Roelandts, Xilinx's Chairman, and Chief Executive Officer.
"We are pleased to welcome someone of Jon's caliber who will
fit in well with our team," added Mr. Roelandts. "This
is an opportunistic hire for the Company and we look forward to
working with Jon, whose extensive Intel background and vast financial
experience made him an outstanding choice to become the third CFO
for Xilinx."
Since joining Intel in 1979, Olson has held various senior financial
positions including vice president, finance and enterprise services,
director of finance, technology and manufacturing group controller,
semiconductor products group controller as well as system manufacturing
group controller. Prior to Intel, he worked for 4 years at General
Signal Corporation. Olson is a native of Illinois and earned his
B.S in Accounting from Indiana University and his MBA in Finance
from Santa Clara University.
About Xilinx
Xilinx is the worldwide leader in complete programmable logic
solutions. For more information, visit www.xilinx.com.
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