Conexant Names New President And COO

Oppenheimer has published a research report on Conexant Systems CNXT after the company's announcement that it has named a new President and COO. In the report, Oppenheimer writes "Conexant Systems, Inc CNXT announced Thursday that Sailesh Chittipeddi has been named president and chief operating officer. Chittipeddi joined Conexant in 2006 and served most recently as co-president, with responsibility for global engineering, operations, quality, IT, and associated infrastructure activities. In his new role, Chittipeddi will have worldwide responsibility for engineering, operations, quality, and marketing. He continues to report to Scott Mercer, Conexant's chairman and chief executive officer. "Sailesh is a seasoned senior executive with an outstanding record of accomplishment at Conexant and throughout the course of his career," Mercer said. "His experience, dedication, and drive will prove invaluable as we work to respond to the challenges we currently face and strengthen our position as a leading provider of semiconductor solutions for imaging, audio, embedded modem, and video surveillance applications." Since being hired initially at Conexant as senior vice president of Global Operations, Chittipeddi has assumed roles with greater responsibility." Conexant Systems closed yesterday at $1.37.