April 14, 2024 3:06 pm
Richard J. Simoncic appointed as Microchip Technology’s new COO

Microchip Technology Incorporated has recently appointed Richard J. Simoncic as the new Chief Operating Officer, effective April 1, 2024. With a long history at the company, Simoncic has steadily risen through the ranks since joining in 1990, most recently serving as Executive Vice President. He will now be working closely with President and CEO Ganesh Moorthy.

The appointment of Simoncic ensures that there will be continuity and experience in Microchip Technology’s leadership. This strategic decision comes as Senior Vice President Stephen V. Drehobl is set to retire on June 7, 2024. The company is confident that Simoncic’s expertise and experience will help guide it through its future growth and success.

Simoncic has been a valuable member of Microchip Technology for over three decades and has played an instrumental role in shaping the company’s growth and success. As COO, he will be responsible for overseeing all aspects of the company’s operations and ensuring that they are running smoothly and efficiently. This appointment is a testament to Simoncic’s dedication and commitment to the company, and we are excited to see what he will accomplish in his new role.

For more detailed information on MCHP stock, you can visit TipRanks’ Stock Analysis page.

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