John McGrath Joins Actel Board of Directors Network Equipment Technologies’ CFO to Serve as Actel Audit Committee Financial Expert
SOURCE:
Actel Corporation
2008-04-07 14:07:00
John McGrath Joins Actel Board of Directors
Network Equipment Technologies’ CFO to Serve as Actel Audit Committee Financial Expert
MOUNTAIN VIEW, CA–( EMWNews – April 7, 2008) – Actel Corporation (
announced the appointment of John McGrath to its Board of Directors.
Bringing to Actel more than 20 years of experience working with high-growth
technology companies, Mr. McGrath has been Vice President and CFO of
Network Equipment Technologies (
directly responsible for global finance, human resources, investor
relations, and corporate services.
“In addition to the breadth of his experience in preparing, auditing, and
analyzing financial statements, the depth of John’s understanding regarding
generally accepted accounting principles, internal controls over financial
reporting, and Audit Committee functions makes him eminently qualified to
serve as our Audit Committee Financial Expert,” said John East, President
and CEO of Actel. “John is a wonderful addition to our Board of Directors,
which expects that he will play an important role in our success.”
“I look forward to helping Actel strengthen its position as the leading
provider of ultra low-power FPGAs and power-efficient programmable system
chips for power and system management,” said Mr. McGrath.
Before joining NET, Mr. McGrath was Vice President, Finance at Aspect
Communications and Director of Finance at TCSI Corporation. He also serves
on the Board of Directors and as the Audit Committee Financial Expert of
Endwave Corporation (
Audit Committee Chairman of KCO Investments’ Presidio Funds (PRSDX), a
public mutual fund. Mr. McGrath holds a Bachelor of Science degree in
Accounting from the University of Wyoming and a Master of Business
Administration degree, with emphasis in finance and international business,
from the Stanford Graduate School of Business. Before entering the M.B.A.
program at Stanford, he was as an Audit Manager in Ernst & Young’s
High-Technology/Manufacturing Group.
About Actel
Attacking power consumption from both the chip and the system levels, Actel
Corporation’s innovative FPGAs and programmable system chip solutions
enable power-efficient design. The Company trades on the NASDAQ National
Market under the symbol ACTL and is headquartered at 2061 Stierlin Court,
Mountain View, Calif., 94043-4655. For more information about Actel, visit
http://www.actel.com. Telephone: 888-99-ACTEL (992-2835).
Editor’s Note: The Actel name and logo are registered trademarks of Actel
Corporation. All other trademarks and servicemarks are the property of
their respective owners.
Investor Contact: Jon Anderson (650)318-4445 Media Contact: |
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